Econ 102 1st Edition Lecture 16- Re-view for Midterm IIOutline of Last Lecture I. Financial IntermediariesOutline of Current LectureI. Review for Midterm IIII. More Review (overhead projector)Current LectureI. Review for Midterm IIa. Who is right? Prepare an answer for who you believe more. Whatrings true? Which one makes the most sense? There is not one right answeri. Neokeynesiansii. or Neo-classical?1. any temp tax cut doesn't impact economy causes crowding out2. Estimates for the multiplier effectb. Review definitions from From the Economist AudioII. More Review (overhead projector)a. People expect that productivity is fallingb. Impact on financial marketsi. stock returns will fall on expectation1. (fewer profits, lower GDP)These notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a
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