Read the text and do the tasks The History of Macroeconomics 1. Modern macroeconomics was born as a ...: ответ на тест 1029290 - Английский язык

Read the text and do the tasks
The History of Macroeconomics
1. Modern macroeconomics was born as a separate field in economics during the Great Depression. The founding father was John Maynard Keynes. In many textbooks his influence has been reduced to a «box» describing his dazzling achievements as a currency, commodity, and stock speculator; mathematician; adviser to the British Treasury Department; chairman of a life insurance company; a director of the Bank of England; overseer of the endowment of Kings College; editor of England’s most influential economic journal; author of many classic works in economic theory; professor at Cambridge University; and chief architect of the major economic institutions of the post-World War II global economy.
2. Most neoclassical textbooks begin their overview of macroeconomics with the preface that microeconomics deals with individual firms, households, and markets, while macroeconomics deals with the overall economy. What is distinctive about the shift to aggregate outcomes is not explained. Given the textbooks’ lack of guidance, it is easy for students to imagine that one can generalize from supply and demand in one market to supply and demand in all markets, that is, from partial equilibrium to general equilibrium models. From this perspective, macroeconomics is merely the summation of a lot of supply and demand curves.
3. Unfortunately, the world is more complicated. The comfortable optimism of general equilibrium theory suffers from the fallacy of composition. It suggests that what is true for the part is automatically true for the whole. This does not always follow. If I am at a concert and I stand up, I will probably see better. If everyone stands up everyone will probably not see better; so too for the macro economy. If I lower my prices, I may sell more. If everyone lowers their prices, things are more ambiguous. Everyone may not sell more. We may, for example, simply get deflation (a fall in the price level).
4. At the center of many macro controversies is the «coordination question». Oddly, this puzzle is ignored in many neoclassical textbooks. The problem resembles the simultaneity problem posed in the age old question «Which came first, the chicken or the egg?». In order to buy, people must have purchasing power. In order to have purchasing power, others have to buy. As long as everyone is buying, everyone is able to buy, but what ensures everyone is buying?
(Steven Mark Cohn: Reintroducing macroeconomics (a critical approach). – M.E. Sharp. Inc., 2007. – 368 p)
Answer the question:
«What does the author consider to be a common mistake of neoclassical textbooks concerning macroeconomics?»

Read the text and do the tasks
The History of Macroeconomics
1. Modern macroeconomics was born as a separate field in economics during the Great Depression. The founding father was John Maynard Keynes. In many textbooks his influence has been reduced to a «box» describing his dazzling achievements as a currency, commodity, and stock speculator; mathematician; adviser to the British Treasury Department; chairman of a life insurance company; a director of the Bank of England; overseer of the endowment of Kings College; editor of England’s most influential economic journal; author of many classic works in economic theory; professor at Cambridge University; and chief architect of the major economic institutions of the post-World War II global economy.
2. Most neoclassical textbooks begin their overview of macroeconomics with the preface that microeconomics deals with individual firms, households, and markets, while macroeconomics deals with the overall economy. What is distinctive about the shift to aggregate outcomes is not explained. Given the textbooks’ lack of guidance, it is easy for students to imagine that one can generalize from supply and demand in one market to supply and demand in all markets, that is, from partial equilibrium to general equilibrium models. From this perspective, macroeconomics is merely the summation of a lot of supply and demand curves.
3. Unfortunately, the world is more complicated. The comfortable optimism of general equilibrium theory suffers from the fallacy of composition. It suggests that what is true for the part is automatically true for the whole. This does not always follow. If I am at a concert and I stand up, I will probably see better. If everyone stands up everyone will probably not see better; so too for the macro economy. If I lower my prices, I may sell more. If everyone lowers their prices, things are more ambiguous. Everyone may not sell more. We may, for example, simply get deflation (a fall in the price level).
4. At the center of many macro controversies is the «coordination question». Oddly, this puzzle is ignored in many neoclassical textbooks. The problem resembles the simultaneity problem posed in the age old question «Which came first, the chicken or the egg?». In order to buy, people must have purchasing power. In order to have purchasing power, others have to buy. As long as everyone is buying, everyone is able to buy, but what ensures everyone is buying?
(Steven Mark Cohn: Reintroducing macroeconomics (a critical approach). – M.E. Sharp. Inc., 2007. – 368 p)
Define the statement which corresponds to the contents of the text.

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The Cost of Lost Income to Working Families
1. The average duration of unemployment from 1975 to 2000 varied between eleven and twenty weeks and averaged about three and one-half months (Economic Report of the President 2000, 356). Because of the tendency of official statistics to exclude discouraged workers, the real duration was probably higher.
2. Despite the high level of consumption in the U.S. economy most working people have very little financial savings. The bottom half of the income ladder would be unable to maintain a standard of living 25 percent above the poverty line by relying on their financial savings for even two months. Although many families have more than one wage earner and other survival options (such as loans from relatives, home equity loans, high-interest credit card debt, and expanded household production), the financial burden of unemployment can obviously be quite high.
3. The social support system for the unemployed has two major components, unemployment insurance and the social safety net. Over the last twenty-five years there has been a reduction in unemployment insurance. From 1980 to 1999, coverage fell from 43.9 percent to 37.2 percent of the unemployed. State unemployment insurance payments fell from 36.6 percent to 31.6 percent of lost wages. Because there have been many different changes in the social safety net, it is difficult to say how the overall level of social insurance has changed. If we use «government expenditures for income-tested benefits» as a proxy for safety net spending, it appears the net strengthened a bit.
4. Unemployment often has serious psychological impacts in addition to its economic burdens. A recent review of empirical research on happiness in the Journal of Economic Literature reported that «Happiness research suggests that unemployment strongly reduces subjectively self-reported well-being, both personally and for society as a whole. This is… in line with the view that unemployment is involuntary for the bulk of people affected» (Frey and Stutzer 2002, 428).
(Steven Mark Cohn: Reintroducing macroeconomics (a critical approach). – M.E. Sharp. Inc., 2007. – 368 p)
Determine the main idea of the text.

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1. Adolescents generally relate to the music of their peer culture and therefore find music a familiar medium for them. Self-expression is often facilitated because of the non-verbal aspect of music. Thus, listening to and discussing songs are safe and non-threatening to the teenager and offer a pleasurable situation where projection of personal thoughts and feelings is facilitated in the situation because it is one step removed from their own experiences (Keen 2001). The therapeutic process is enhanced and may face little resistance because the adolescent client is «tuned in» to the music and not the therapist, who may subsequently become perceived as a safe and trusted adult.
2. Using music with adolescents can facilitate self-concept by affording them structured, successful experiences linked to specific reinforcements. It can enhance communication and self-expression by allowing the client the metaphoric use of song lyrics to promote expression. A great deal of information can also be gained by providing adolescents with the opportunity to write their own songs.
Because of its powerful socializing effect, using music in adolescent groups can provide a common ground and thus improve constructive interaction in individuals who have negative or non-existent peer relationships.
(Tuula Heinonen : Social work in health and mental health / Tuula Heinonen, Anna Metteri. – Toronto : Canadian Scholars’ Press Inc., 2005. – P. 89).
Define the statements which correspond to the contents of the text.

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1. Computer games can provide the opportunity for learners to explore and navigate immersive virtual worlds using rich media, create authentic contexts for practising skills that can be transferred to the real world, and present a forum and context for problem-solving. Collaboration and discussion with others is central to the constructivist perspective and multi-user games or group game playing in the same physical space are two ways that facilitate this. However, issues of support for student responsibility for planning and structuring learning, and meta-cognition of the learning process are not ones that are usually considered within computer games, even those designed for education. It is therefore important to take a holistic view of the learning context in which computer games are used, their role in the curriculum, and the activities that precede and follow any game for learning to support reflection, consolidation and application of learning.
2. Providing a collaborative forum for computer gaming, be that in-game or in the real world, is essential to exploit the full potential of constructivist learning environments, as working collaboratively enables students to work to their strengths, develop critical thinking skills and creativity, validate their ideas, and appreciate a range of individual learning styles, skills, preferences and perspectives.
(Thomas Connolly : Games-based learning advancements for multi-sensory human computer interfaces. – The UK : IGI Global, 2009. – P.23)
Define the statements which correspond to the contents of the text.

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1. Restorative practice tends to assume that if a deficit is successfully treated, then the person will again be able to achieve a good quality of life. If medications for depression work, health is restored and one's quality of life will increase. Developmental approaches tend to assume the opposite approach. That is, if people's strengths can be increased, then their ability to handle deficits, stress, and adversity will also increase. For example, if a client successfully completes a training program that leads to a good job, then self-confidence may increase and the ability to handle depression and other adverse situations will likewise improve. In mental health, both restorative and developmental practice are important. One without the other usually leads to flawed intervention.
2. Developmental approaches are particularly suitable for use by social workers. In developmental practice, the role of a social worker becomes that of an enabler, teacher, counsellor, advocate, and supporter rather than that of a therapist who focuses on restoration. Empowerment is an important goal. The worker strives to help people take charge of their own lives because people, not professionals, manage their own illnesses and recovery.
(Tuula Heinonen : Social work in health and mental health / Tuula Heinonen, Anna Metteri. – Toronto : Canadian Scholars’ Press Inc., 2005. – P. 48).
Define the statements which correspond to the contents of the text.