The Following Notice Appeared on a Full Page of the Wall

question 81

Essay

The following notice appeared on a full page of the Wall Street Journal on February 9, 2009: "There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy."-President-Elect Barack Obama, January 9, 2009
With all due respect Mr. President, that is not true. Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of government, we the undersigned do not believe that more government spending is a way to improve economic performance. More government spending by Hoover and Roosevelt did not pull the United States out of the Great Depression in the 1930s. More government spending did not solve Japan's "lost decade" in the 1990s. As such, it is a triumph of hope over experience to believe that more government spending will help the U.S. today. To improve the economy, policymakers should focus on reforms that remove impediments to work, saving, investment and production. Lower tax rates and a reduction in the burden of government are the best ways of using fiscal policy to boost growth.
The statement was signed by over 200 economists, including 3 Nobel Laureates.
a. Comment on the extent to which the disagreement between the president and the economists involves a disagreement about whether policy should be passive or active. b. Identify the rationale(s) used to support the economists' position.

Assess the legal and social dynamics affecting cohabitants, especially in financial matters.

Understand the economic considerations influencing marriage and cohabitation decisions.

Grasp the impact of structural, demographic, and individual factors on marital decisions.

Compare different legal recognitions of relationships, such as civil unions and marriages, particularly for same-sex couples.

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Definitions:

Motivational Practices

Strategies or methods applied to encourage and increase motivation among individuals or groups.

Sound Research

Investigations or studies that are methodologically rigorous, reliable, and valid.

Proven Track Record

Evidence or history showing consistent success or reliability in performance.

Organizational Culture

The shared values, beliefs, norms, and practices that guide the behavior of people within an organization.