Application of Macroeconomic Principles to Govt/Public Policy
Module 1 Homework: Application of Macroeconomic Principles to Govt/Public Policy
After reading the Lesson Notes, Chapters 1 and 2 from Mankiw, please answer the following:
Explain “5” of the economic principles (in your OWN words) discussed by Mankiw in how people/societies act as economic agents.
How is economics applied to public policy? Why do economists so often disagree?
Why should we as a society be leery if government prints too much money? Also, why might government engage in the printing of too much money?
TextBook, Author, Publisher
Textbook: Mankiw, Principle of Macroeconomics-7th Edition. ISBN: 9781285165912