Macroeconomics Policy Test--Questions for Janus' class
1. What is the globalized AS/AD model? Draw it and describe its facets and what it means. 2. H ow does structural stagnation relate to the recession that began in late 2007? 3. How can the slow recovery after the 2007/8 recession be explained by structural stagnation? 4. What are three international adjustment forces that are supposed to occur according to the globalized AS/AD model? 5. Do you agree with Colander’s views on structural stagnation and its role in the current economy? Why or why not? 6. How did Mr. Slimmons talk help your understanding of markets and investing? 7. Explain the "power law" of the universe, of venture capital. 8., What are secrets and why are they important?