Here is the synopsis of our sample research paper on FISCAL POLICY, THE GDP AND KEYNESIAN ECONOMCS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 4-page paper focuses on fiscal policy, as seen through the eyes of a Keynesian economist. The paper discusses the definitions of GDP, the impact of Keynesian policies on GDP, and how an auto company might fare in such an economy. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: D0_MTfiskey.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
and then to select an organization and describe how such a policy would impact this company. For purposes of this paper, well be examining the policies through a Keynesian point
of view. The company in question will be a fictitious one that manufactures automobiles. The article, itself (which is real) was published in The Economist on September 11, 1999 and
is entitled "Helping Hands, Grabbing Hands." Before analyzing the article and fiscal policys impact on an overall GDP, its first helpful to
define some of these terms. Keynesian economics, also known as Keynesianism (based, appropriately enough, on the writings of John Maynard Keynes), was a Depression-era theory stating that macroeconomic trends are
what tends to "overwhelm the micro-level behavior of individuals" (Wikipedia.org, 2004). Far from the fact that demand would adjust to the supply of goods produced (which is what classical economists
preached). Keynes pointed out (and was right, to an extent), that aggregate demand for goods is the driving factor of any kind of economic system (Wikipedia.org, 2004). Demand, he also
stated, was based on wages obtained by the consumer - the more money a consumer makes, the more he or she is going to spend. Based on this, if demand
is there, then supply will grow to meet demand. When there is more demand, there are more jobs, as more people are needed to staff factories and other places to
meet the demand. Because of this theory, Keynes suggestions for fiscal policy were to promote demand at a "macro" level by working toward building more jobs and fighting the high
unemployment rates of the 1930s (Wikipedia.org, 2004). Create employment, and you create demand. When you create demand, supply will follow. Now lets
...