1. To learn about the recent federal government policy of sequestration, please
ID: 1187931 • Letter: 1
Question
1. To learn about the recent federal government policy of sequestration, please visit the following websites:
www.politico.com/p/pages/sequestration/
http://swampland.time.com/2013/04/22/sequestration-begins-to-bite/
After reviewing the articles, please answer the following questions:
a. What is sequestration?
b. What is the Democratic view of sequestration?
c. What is the Republican view of sequestration?
d. What would be the effects of sequestration in the fixed-price Keynesian model? Show graphically and explain.
e. What would be the effects of sequestration in the classical model? Show graphically and explain.
f. What would be the effect of sequestration in the neoclassical model? Show graphically and explain. Assume the economy starts at full employment.
Explanation / Answer
a)Sequestration is just a act of taking valuable property into custody and for the purpose of safekeeping so that it can be prevented.!!!
b)Democrats are not in favour of sequestration as they consider it as a threat .!!
c)Republician are in favour of it and being a opposite party could be one of the reason to it..!!!
d)effects of sequestration in the fixed-price Keynesian model will be that the economy will not be in equilibrium and structure will not be simple nough..!!
e)It will oppose classical model as individual cannot make their own choice according to thier taste/views,!!!
f)It will also have a effect on neoclassical model as it will not help in the growth of prdouctivity,property accumulation,capital,etc.!!
As Now I have answered all the parts..!!
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Good Luck..!!
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