Review #2 Prep : LUSENET : adamtoalan : One Thread

Review #2 Prep (worth points for helping): IF YOU HAVE ANY QUESTIONS ABOUT ONE OF THE FIVE THEORIES we studied in class, now is the time to ask (before the Review). Each Theory Team is responsible to answer questions regarding their OWN Theory. Any questions on Supply Side Theory, I will take care of. Questions need to be specific, not "What is Supply Side Theory about?" Good Questions will also generate points.

-- Anonymous, April 09, 2002


We have (4) super / excellent questions asked by your colleagues. I will offer any student the opportunity to answer these questions for bonus points. DUE: APRIL 25th by NOON.

Good Luck!

-- Anonymous, April 17, 2002

I would like to know a little more about the Rational Expectations because on the sheet that you gave us there wasent to much information on it. It has Past Experience/ Knowledge of Principle. I just need to know more about it to understand what it is really standing for.

In the supply side theory i know that it is called Reganomics and Voodoo Economics which means signs of not working. I also know that they had heavy govt spending and low taxes for business so how did the goverment get all their money??

-- Anonymous, April 11, 2002

What theory has been used the most and what theory has been the most successful?

-- Anonymous, April 11, 2002

In regard to the Supply Side Theory I do not understand how spending would create jobs , please explain and give an example.

-- Anonymous, April 15, 2002

In the Keynesian Theory, what do you mean by "wasteful" Where is the money going?

-- Anonymous, April 16, 2002

This is to answer Carlos Barcenas question, after much research. The only answer I come up with for "wasteful" is by using Reflationary Policies to boost the ecomomy. Such as to increase level of government spending, cutting taxation to encourage spending and cutting interest rates to discourage saving and encourage spending. Reference: n4.htm

-- Anonymous, April 24, 2002

In response to Carlos' question about the Keynesian theory being "wasteful", I remember one discussion we had in class where we were discussing the different theories. Guy gave us a really good example of how the Keynesians are "wasteful". It was the one about the $100 toilet seats they are putting in planes. I thought this summed up the term "wasteful" very nicely.

-- Anonymous, April 27, 2002

I would like to scratch my answer to Carlos's question about "wasteful" spending because I know it is wrong. I would like to answer my own question about Supply Side theory spending to create jobs. That means that if consumers spend more on any product-the higher the demand will be. Therefore jobs will be created to produce more products in order to meet the demands.

-- Anonymous, May 01, 2002

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