Theories of Macroeconomic Development and Strategy.
Click on the links below and Read the articles. You can also use pdf. files with the articles posted in Content – Week 7 – Articles for Discussion week 7 area.
· What Is Monetarism?
· Averting Financial Crises: Advice from Classical Economists Thomas M. Humphrey
In your initial response to the topic you have to answer all questions:
1. Should the government use monetary and fiscal policy to stabilize the economy, or should it adhere to policy rules and refrain from upsetting the economy? To answer this question please compare and contrast the view of Keynesian economics to Monetarist economists.
Please also note that your answers should be written in your own words. Don’t use quotes from the articles.