8. Agreement and disagreement among economists Suppose that Musashi, an economist from a college in Pennsylvania, and Rina, another economist from a graduate program in the Northeast, are both guests on a popular science podcast. The host of the podcast is facilitating their debate over government bailouts. The following dialogue represents a portion of the transcript of their discussion: Rina: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. Musashi: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. Rina: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession. The disagreement between these economists is most likely due to Despite their differences, with which proposition are two economists chosen at random most likely to agree? O Employers should not be restricted from outsourcing work to foreign nations. O Business managers can raise profit more easily by reducing costs than by raising revenue. O Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
8. Agreement and disagreement among economists Suppose that Musashi, an economist from a college in Pennsylvania, and Rina, another economist from a graduate program in the Northeast, are both guests on a popular science podcast. The host of the podcast is facilitating their debate over government bailouts. The following dialogue represents a portion of the transcript of their discussion: Rina: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. Musashi: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. Rina: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession. The disagreement between these economists is most likely due to Despite their differences, with which proposition are two economists chosen at random most likely to agree? O Employers should not be restricted from outsourcing work to foreign nations. O Business managers can raise profit more easily by reducing costs than by raising revenue. O Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter15: Monetary Policy
Section: Chapter Questions
Problem 12QP
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Transcribed Image Text:8. Agreement and disagreement among economists
Suppose that Musashi, an economist from a college in Pennsylvania, and Rina, another economist from a graduate program in the Northeast, are both
guests on a popular science podcast. The host of the podcast is facilitating their debate over government bailouts. The following dialogue represents a
portion of the transcript of their discussion:
Rina: Thanks to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days.
Musashi: Indeed, it's gotten crazy! A government bailout of severely distressed financial firms is unnecessary because free markets will
properly price assets.
Rina: I don't know about that. Without a bailout of severely distressed financial firms, the economy will experience a deep recession.
The disagreement between these economists is most likely due to
Despite their differences, with which proposition are two economists chosen at random most likely to agree?
O Employers should not be restricted from outsourcing work to foreign nations.
Business managers can raise profit more easily by reducing costs than by raising revenue.
O Central banks should focus more on maintaining low unemployment than on maintaining low inflation.
Transcribed Image Text:differences in values
differences between perception versus reality
differences in scientific judgments
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