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Mankiw Macroeconomics Pdf Versi Indonesia wrelau




He received his B.A. and Ph.D. degrees in economics from Yale University. He has been elected a Fellow of the Econometric Society and a member of the American Academy of Arts and Sciences. He has also been awarded the University of Michigan Regent's Medal and the National Science Foundation Presidential Young Investigator Award. He teaches in the department of economics at Harvard University. 1. What are the most important economic policies of the government and the Fed to promote economic growth? First, taxes should be low, so that the government is able to take advantage of the positive spillovers that come from innovation and technological change. Second, government spending must be appropriate, with the government providing public goods such as roads, bridges, and schools; operating transport networks; and paying for the basic research that creates and diffuses the technology and innovation that enables the economy to grow. 3. What is the best example of how markets can work? I have been an economist for more than 25 years, and I have yet to see a market-based solution to the environmental problem. I have yet to see a market-based solution to the problem of developing countries having too much debt and too little savings. I have yet to see a market-based solution to the problems of developing countries' poor infrastructure. Even the International Monetary Fund has recognized that its model of market-based financial regulation, which was developed in the 1980s, has failed in many developing countries and needs to be revised. I would love to see market-based solutions to these problems, but I have yet to see them. 6. What has been the most important development in the field of economics in the last 25 years? The most important development is the understanding that markets are complicated and not simply what we would like them to be. Economists have recognized that markets are not simply the summation of individual self-interested actors, but they are composed of institutions that produce social outcomes. 7. If a country adopted the economic policies of a different country, what would be the impact on its economy? We did that in our home country, the United States, when we adopted the policies of the British Empire in the 19th century. We freed our labor from the shackles of the civil law and from the bonds of the feudal system. We cut out the tax on labor, a system that made the poor poorer and the rich richer. We adopted the free-trade policies of 19th-




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Mankiw Macroeconomics Pdf Versi Indonesia wrelau
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