Hapter Questions for The economy today 9th edition Bradley R Schiller

Q1. if business cycles were really inevitable, what purpose would macro policy serve?

Q2. if deficit spending Crowds Out some private investment, could future generation be worse off? if external finanacing eliminates crowding out, are future generations thereby protected?

Q3 why do banks want to mintain as little excess reserves as possible? under what circumstances might banks want to hold excess reserves?

Q4 Look at the summary of the Tax Relief Act of 2001 at what was the purpose of the tax cut? was the tax policy designed to be a countercyclical fiscal policy?

ONE PAGE ANSWER FOR EACH QUESTION