Macroeconomics IUP

Extra Credit Assignment #2 ECON 2105 Principles of Macroeconomics Name: Answer the following three questions based on the resources listed below. I know it is a lot, but it will help you understand more about Keynesian policies that matter to you. Also, feel free to share your opinion or critique Keynesian viewpoints (you do not have to agree with them, but you still need to know the grounds for their arguments.) Question 1 Based on the article and the video below, explain why Keynesian economists propose to raise a minimum wage? https://tcf.org/content/commentary/making-economic-case-15-minimum-wage/ https://www.youtube.com/watch?v=_mcHGGcZGFo Question 2 Based on the videos below, explain why higher taxes (especially for the rich), regulations, and higher wages are favored by Keynesian economists? https://www.youtube.com/watch?v=1KKCXJ6WesU https://www.youtube.com/watch?v=pPe5xYBP0D8 Question 3 Based on the video and the article below, explain why Keynesian economists oppose “trickdown economics”. Then, what kind of growth strategy do they prefer? https://www.youtube.com/watch?v=pWYrh2xivFc https://www.youtube.com/watch?v=mybOUF6DOyo https://brownpoliticalreview.org/2019/11/the-fallacy-and-persistence-of-trickle-down-economics/