Macroeconomic Objective: Income Distribution
Task directions:
Each group will answer the questions according to their assigned macroeconomic policy tool. You will record your answers using google slides and share them with the rest of your classmates.
Each group will answer the questions according to their assigned macroeconomic policy tool. You will record your answers using google slides and share them with the rest of your classmates.
- Why is equitable income distribution a macroeconomic objective?
- What are the possible causes of unemployment?
- What are the possible consequences for a nation not being able to achieve equitable income distribution?
Expansionary Policy
- During an economic contraction, why is equitable income distribution not achieved?
- Using a diagram(s), show how FISCAL policy addresses an economic recession?
- What are the possible long-term effects to achieving equitable income distribution?
- Using a diagram(s), show how MONETARY policy addresses an economic recession?
- What are the possible long-term effects to achieving equitable income distribution?
- Using a diagram(s), show how SUPPLY-SIDE policy addresses an economic recession?
- What are the possible long-term effects to achieving equitable income distribution?
- Which expansionary policy tool best addresses the macroeconomic objective of equitable income distribution? Why? How?
- Which expansionary policy tool is the worst in addressing the macroeconomic objective of equitable income distribution? Why? How?
Contractionary Policy
- During an economic expansion, why is it bad that inequitable income distribution exists?
- Using a diagram(s), show how FISCAL policy addresses a hyper-inflation?
- What are the possible long-term effects to achieving equitable income distribution as a result of the policy tool?
- Using a diagram(s), show how MONETARY policy addresses a hyper-inflation?
- What are the possible long-term effects to achieving equitable income distribution as a result of the policy tool?
- Using a diagram(s), show how SUPPLY-SIDE policy addresses a hyper-inflation?
- What are the possible long-term effects to achieving equitable income distribution as a result of the policy tool?
- Which contractionary policy tool best addresses the macroeconomic objective of equitable income distribution? Why? How?
- Which contractionary policy tool is the worst in addressing the macroeconomic objective of equitable income distribution? Why? How?