Key Ideas Flashcards
(4 cards)
1
Q
decision making
A
benefits
costs
- monetary
- opp
feasibility
- budget position
UC
constraints
2
Q
policies
A
feasibility
- budget position
root cause
- does the policy address the root cause?
effectiveness
- responsiveness
- size of k
- NOE
UC
time horizon
3
Q
sig of macro goals
A
root cause
NOE
SOE
- approaching Yf vs excess spare capacity
severity / persistence
4
Q
causes of macro goals
A
AD vs AS
cyclical vs structural
domestic vs external
