Suppose that the current estimate of the gap between potential GDP and actual GDP is positive (Pot. GDP exceeds Actual GDP). Keynes would, in this case, argue that a positive gap means that there are individuals who want to work but have not found a job. Keynes would argue that this unemployment represents inequities in the distribution of income that can be reduced by government policies stimulating the economy.
Suppose that such policies would stimulate activities with a disproportionate effect on deforestation and increases in CO2.
Would you advocate such policies even though they contribute meaningfully to climate change? Or, would you argue for a different measure of potential GDP that excluded activities that contributing meaningfully to climate change – something like, Green Potential GDP? In other words, that climate considerations are more important than inequities in the distribution of income?
Word limit: 300 words.
Suggested Readings:
https://www.brookings.edu/blog/up-front/2022/02/23/how-does-the-fed-define-maximum-employment/ Links to an external site.
https://www.nber.org/papers/w30332 Links to an external site.
https://www.imf.org/en/Publications/fandd/issues/2021/09/how-to-drive-deep-decarbonization-stock Links to an external site.
https://www.imf.org/en/Publications/fandd/issues/2021/09/isabel-schnabel-ECB-climate-change#:~:text=Second%2C%20climate%20change%20could%20further,rates%20of%20morbidity%20and%20mortality Links to an external site..
International Monetary Fund | October 2020, Chapter 3, World Economic Outlook
Category: Economics
Please answer both questions What approach to development would you recommend to
Please answer both questions
What approach to development would you recommend to a poor country?
What considerations inform your recommendation?
As a business administrator, you have been asked to write a journal article enti
As a business administrator, you have been asked to write a journal article entitled ′Economic Order Quantity′. In your article explain what is meant by the term economic order quantity by demonstrating an understanding of the underpinning concepts. You must include a diagram to support your explanation. (Word limit 750)
Important Info
The order was placed through a short procedure (customer skipped some order details).
Please clarify some paper details before starting to work on the order.
Type of paper and subject
Number of sources and formatting style
Type of service (writing, rewriting, etc)