Economics... anyone? - GoFuckYourself.com

PostWhore · 01-16-2003, 08:07 PM

I got exam tomorrow on economics and the main topic will be to compare Fiscal vs. Monetary policy.
I dunno shit, help me ouit

GoLiaT · 01-16-2003, 08:10 PM

http://www.cannoncenter.com/EconPolicy.html

LUCL0NELY · 01-16-2003, 08:11 PM

contact me.

LUCL0NELY · 01-16-2003, 08:11 PM

i took Econ 4 and Econ 110 b4

LUCL0NELY · 01-16-2003, 08:12 PM

oh. and is it about Micro or Macro?

PostWhore · 01-16-2003, 08:23 PM

Quote:

Originally posted by GoLiaT
http://www.cannoncenter.com/EconPolicy.html

Damn this is good, but it is Japan!! Anyone seen something like this but for canada.

FlyingIguana · 01-16-2003, 08:48 PM

don't you have books on this material?

Lick-Clit · 01-16-2003, 08:59 PM

http://www.gofuckyourself.com/showth...threadid=99493

join my groups, pls!

http://groups.msn.com/thetruthbehindthelies

http://groups.yahoo.com/group/thetruthbehindthelies/

The little known truth about our MONEY ("United States")

The Federal Reserve System,
and the Federal Income Tax (& IRS).

Lawrence

Luke · 01-16-2003, 09:03 PM

1) Discretionary Fiscal Policy. Fiscal policy is changes in the taxing and spending of the federal government for purposes of expanding or contracting the level of aggregate demand. In recession, an expansionary fiscal policy involves lowering taxes and increasing government spending. In an overheated expansion, a contractionary fiscal policy requires higher taxes and reduced spending.

The first way this can be done is through the federal budget process. However, this process takes so long -- 12 to 18 months -- that discretionary fiscal policy cannot be matched with the business cycle. The Kennedy tax cut of 1964 and later the Ford tax increase of 1974 hit the economy just when the opposite contracyclical policy was needed. As a result, the federal government no longer uses discretionary fiscal policy.

2) Automatic Stabilizers. A second type of fiscal policy is built into the structure of federal taxes and spending. This is referred to as "nondiscretionary fiscal policy" or more commonly as "automatic stabilizers". The progressive income tax (the major source of federal revenue) and the welfare system both act to increase aggregate demand in recessions, and to decrease aggregate demand in overheated expansions.

3) Monetary Policy. Monetary policy is under the control of the Federal Reserve System (our central bank) and is completely discretionary. It is the changes in interest rates and money supply to expand or contract aggregate demand. In a recession, the Fed will lower interest rates and increase the money supply. In an overheated expansion, the Fed will raise interest rates and decrease the money supply.

What School are you going to?

Luke · 01-16-2003, 09:08 PM

Sorry, I would rather take U.S. examples. Canada almost always decides to take the same course of action as the U.S. with respect to this subject, especially monetary policy changes.

Luke · 01-17-2003, 05:00 PM

So this doesn't help? How did it go?

01-16-2003, 08:07 PM	#1
PostWhore Confirmed User Industry Role: Join Date: Jan 2003 Posts: 4,720	Economics... anyone? I got exam tomorrow on economics and the main topic will be to compare Fiscal vs. Monetary policy. I dunno shit, help me ouit __________________ Ask me how to monetize with adult traffic!

01-16-2003, 08:10 PM	#2
GoLiaT Confirmed User Join Date: Mar 2002 Posts: 1,130	http://www.cannoncenter.com/EconPolicy.html __________________ "where ever you go..there you are."

01-16-2003, 09:03 PM	#9
Luke Registered User Join Date: Apr 2002 Location: Canada Posts: 91	1) Discretionary Fiscal Policy. Fiscal policy is changes in the taxing and spending of the federal government for purposes of expanding or contracting the level of aggregate demand. In recession, an expansionary fiscal policy involves lowering taxes and increasing government spending. In an overheated expansion, a contractionary fiscal policy requires higher taxes and reduced spending. The first way this can be done is through the federal budget process. However, this process takes so long -- 12 to 18 months -- that discretionary fiscal policy cannot be matched with the business cycle. The Kennedy tax cut of 1964 and later the Ford tax increase of 1974 hit the economy just when the opposite contracyclical policy was needed. As a result, the federal government no longer uses discretionary fiscal policy. 2) Automatic Stabilizers. A second type of fiscal policy is built into the structure of federal taxes and spending. This is referred to as "nondiscretionary fiscal policy" or more commonly as "automatic stabilizers". The progressive income tax (the major source of federal revenue) and the welfare system both act to increase aggregate demand in recessions, and to decrease aggregate demand in overheated expansions. 3) Monetary Policy. Monetary policy is under the control of the Federal Reserve System (our central bank) and is completely discretionary. It is the changes in interest rates and money supply to expand or contract aggregate demand. In a recession, the Fed will lower interest rates and increase the money supply. In an overheated expansion, the Fed will raise interest rates and decrease the money supply. What School are you going to? __________________ VE Inc. TF TS

01-16-2003, 09:08 PM	#10
Luke Registered User Join Date: Apr 2002 Location: Canada Posts: 91	Sorry, I would rather take U.S. examples. Canada almost always decides to take the same course of action as the U.S. with respect to this subject, especially monetary policy changes. __________________ VE Inc. TF TS

01-17-2003, 05:00 PM	#11
Luke Registered User Join Date: Apr 2002 Location: Canada Posts: 91	So this doesn't help? How did it go? __________________ VE Inc. TF TS

01-16-2003, 08:11 PM	#3
LUCL0NELY So Fucking Banned Join Date: Sep 2002 Location: AZN KLAN'S MAIN LAND Posts: 1,527	contact me.

01-16-2003, 08:12 PM	#5
LUCL0NELY So Fucking Banned Join Date: Sep 2002 Location: AZN KLAN'S MAIN LAND Posts: 1,527	oh. and is it about Micro or Macro?

01-16-2003, 08:48 PM	#7
FlyingIguana aspiring banker Join Date: Mar 2002 Location: toronto Posts: 10,870	don't you have books on this material?

01-16-2003, 08:59 PM	#8
Lick-Clit So Fucking Banned Join Date: Jan 2003 Location: Vagina Posts: 81	http://www.gofuckyourself.com/showth...threadid=99493 join my groups, pls! http://groups.msn.com/thetruthbehindthelies http://groups.yahoo.com/group/thetruthbehindthelies/ The little known truth about our MONEY ("United States") The Federal Reserve System, and the Federal Income Tax (& IRS). Lawrence