Journal Topic 13: Supply or Demand?

I think it is more effective in keeping the economy healthy by using supply-side economy, because it focuses on  stimulating production (supply) to increase business output, create incentives for business investment, makes people work, save, and invest more, and it also causes businesses to increase output. I think it is good to invest into those businesses than people have more money. Demand-side fiscal policy is a plan to stimulate aggregate demand, and supply-side fiscal policy provides incentives to producers to increase aggregate supply. Because supply-side fiscal policy provides the producers to increase the aggregate supply in the economy, and use the money to build the infrastructures, such as new highway road system, national parks, and other public services. Most governments believe that improved supply-side performance is the key to achieving sustained growth without causing a rise in inflation. Because the supply-side fiscal policies can increase the productivity in the county, the government can create more jobs for people to apply, which then encourages the start-up and expansion of new businesses. There must also be a high enough level of AD so that the productive capacity of an economy can actually be brought into play. I think that supply-side fiscal policy is still best for the economic growth.

Journal Topic 12: Role of the Government

I think that our government should keep their hands off our country's economy, because some people believe that our government is very corrupted. People that had paid taxes have complained about how they did not see their money being used as the operating budget or the capital budget.  I think would be the best for people to pay less tax to the government, but pay back more to the producer company.  Then government can collect more tax money from the companies rather than directly charge huge amount of money on each individual.  I do not think that Federal Reserve Bank should manipulate interest rates to try to achieve the same goals. The goal of the government should keep people safe and defend the country instead of helping the economy system. Our country should be like the United States government, charging citizen taxes and also keeping them safe and having Medicare programs that help people later o in their life.  Although I think that, our government is doing a great job in the national medical insurance programs, I still think that government should keep their hands off the economy

Journal Topic 11: Unemployment

I think jobs like doctors, lawyers, architects, and designers are more resistant to unemployment. On the other hand, jobs like electricians, convenient store cashiers, and cleaners are less resistant.  Because professions like doctors, lawyers, and architectures, they only have limited amount of people who study in them, they are more unlikely to be unemployed and lose their jobs. For those who work as electricians, convenient store cashiers, and cleaners, they only need some knowledge to apply for the job, therefor, there can be easily substituted by any other workers who have better knowledge and educational level. The difference between those two categories of professions is that the former professions are more educated and the latter professions are less educated. My potential career could be an interior designer.  I think because there are so many people who work as designers, the job is less resistant to unemployment. I do not think that there is any influence on why I choose my future career.  I think if have more and better skills than some other interior designer, I will have less chance to get unemployed by any other company.  If I am good, enough this I can also be my own boss, and work for myself instead of working for other companies.