Description
Review the section of your text that covers economic theory and policy changes. In addition, find and read two recent articles on this topic. Write a 500-750 word (approximately 2 to 3 page) paper that addresses these questions:
- What are the differences between the economic theories and the reality of policy implementation?
- How have market outcomes changed over time as a result of the policies?
Support your conclusions with the findings from the articles and the textbook as well as any other sources you would like to use. Format the paper according to General APA Guidelines. You do not need to include an abstract but you must include a title page and a references page. These pages are not included in your word/page count.
Explanation & Answer
Hello, please find the attached document which is the final version of your work. I am looking forward to working with you again in the future. Thank you.
Running head: ECONOMIC THEORIES AND REALITIES
Economic Theory and Realities
Student’s Name:
Institutional Affiliation:
1
ECONOMIC THEORIES AND REALITIES
2
Economic Theory and Realities
Q1. What are the differences between the economic theories and the reality of policy
implementation?
The contemporary global economy grapples with various economic issues such as high
unemployment rate, increased inflation, and increased income inequality between the poor and
the rich. These economic problems arise from the existence of limited resources against the
unlimited wants that need to be satisfied using these resources. Hence, the government
intervenes in the market to allocate resources against the competing want to achieve maximum
utilization of the limited resources available. However, such allocations are often done on the
princip...
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