Why is economics considered a social science what role does
Why is economics considered a social science? What role does economics play in your personal and professional lives?
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Let's assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables.
What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net seller of government bonds? What happens to the money supply
What are the uses of money? How do commercial banks and Federal banks create money? Is monetary policy conducted independently in the United States?
How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes?
In your opinion, which two determinates currently have the greatest impact on aggregate demand and supply? Justify your response with an example.
What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization?
In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
To what extent to do you agree/disagree with the actions of the central banks during this time?
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An alternative view of the same thing is not only possible but may be a better description of the relevant physical or social reality.
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