We have detected that Javascript is not enabled in your browser. The dynamic nature of our site means that Javascript must be enabled to function properly. Please read our terms and conditions for more information.

Next up

Policy

Description

Econ 101 Mind Map on Policy, created by mjheg on 04/05/2013.

Mind Map by mjheg, updated more than 1 year ago

	Created by mjheg over 11 years ago

44

0

Resource summary

Policy

Monetary
1. Expansionary
  1. Purchases
    1. - Lower Discount Rate
      1. - Lower Reserve Requirement
    2. T Bills (Short Term Maturity Bills)
2. Contractory
  1. Sales
    1. + Raise Discount Rate
      1. + Raise Reserve Requirement
3. SHORT TERM
4. Quick to implement
Fiscal
1. To influence business cycle
2. LONG TERM
3. Slow to implement
4. Expansionary
  1. Lower taxes
    1. Ricardian Equivalance
      Annotations:
      - When people see that low taxes today may be raised tomorrow, they save tax cut. AD is not effected.
    2. Increase Spending
      1. Dems
        Grows gov't
      2. Response to real shocks
        Annotations:
        Can cause crowding out -There is little gov't can actually do to combat real shock
  2. RECESSION
5. Contractory
  1. Raise Taxes
    1. Reduce Spending
    2. Repubs
      1. private sector
  2. Growth ABOVE Solow Model
6. DOES NOT AFFECT SOLOW GROWTH MODEL!!!!!

Show full summary Hide full summary

Want to create your own Mind Maps for free with GoConqr? Learn more.

Similar

Families and Households - Key Policies and Dates

amylouise98

UK Pressure Groups Examples

Emily Bevis

Public Policy Approaches

stella.kalis

Pro-natalist policy for France (code de la famille)

Vedika Singhania

Practice Econ 2

mjheg

Outline some of the ways in which government educational policies may have affected social class differences in educational achievement.

Tahlie

SCOTLAND

Maria Murray

Ethics & Policy

katyfisher13

Insurance

PJ. K

Population

FinleySwarb95

Main elements of an effective health and safety management system

Rcloete