Central Texas College Principles of Macroeconomics & Economic Growth Discussion

1.As a response to structural unemployment due to AI (artificial intelligence), Democratic Presidential candidate Andrew Yang proposes “the Freedom Dividend,” a universal income of $1000/month per citizen. What do you think of this proposal? Consider any of the following in your answer: Unemployment, aggregate demand, economic growth, structural unemployment, labor force participation rate, opportunity cost, the federal deficit, business start-ups, and/or unintended consequences.

2.Chapter 25 (section 25-2) in your textbook discusses productivity and the challenges faced by governments as they seek to raise living standards. Obviously, there are areas of disagreement and areas of potential improvement. If you were polled, what policy would you suggest to improve U.S. living standards? In your answer, make sure to consider opportunity cost and any potential unintended consequences. You may also want to analyze the effect on future growth as you post and reply.

3.Chapter 27 introduces the financial system and the importance of assessing time and risk in making financial decisions. Summarize your own financial plan balancing present and future needs, especially future retirement needs. In your answer, you may want to apply: the Rule of 70, present value, insurance, diversification, and risk. How will you stay motivated to meet future goals (home ownership, business start-ups, family goals, and/or retirement with the human tendency to prefer “now” over “later?”

4.Chapter 33 (section 33-5a) discusses the Great Recession of 2008-2009. Respond to ONE of the following:

• What lingering effects from the Great Recession do you find in either news stories or in your own community?
• As hindsight is 20/20, what active stabilization policies (if any) should have been enacted to respond to the financial crisis?
• What should be changed to prevent future financial crises?

Each answer should be substantial (containing at least 200-250 words). Any use of outside resources requires that you cite and reference your sources in APA format.