How does the United States demonstrate the classic elements of an LME, and how does it differ from the LME model, and why?
What will be an ideal response?
From text: “Not until the Great Depression and the New Deal of the 1930s did the government begin to attempt to guide the economy to increase growth and employment and to redistribute income. From the New Deal through the 1960s, the government more or less followed Keynesian policies. As predicted by the LME model, though, in the face of globalization it pursued strong, neoliberal policies starting in the 1980s. Its neoliberalism came into question, though, since with the start of the Great Recession. Indeed, it responded initially to the recession with a stronger Keynesian stimulus than most countries, but reduced that rapidly. While it has produced great wealth, the American LME has also produced a dramatic increase in inequality while leaving middle-class incomes stagnant.”
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The Real Plan sought to
a. integrate East and West German currencies. b. control inflation. c. bringing political liberalization to a one party dominant system. d. break the power of organized crime. e. end corruption.
Which of the following statements best characterizes the U.S. response to environmental issues under the Obama administration?
a. The Obama administration did not address environmental issues in the 2008 election campaign because of the ongoing financial crisis, but since winning reelection in 2012, it has undertaken comprehensive domestic reforms while pushing Congress to ratify the Kyoto Protocol and other international regulations regarding environmental problems such as climate change. b. The Obama administration has been largely quiet on addressing environmental issues from a domestic approach, preferring instead to act through international law, such as the Kyoto Protocol and the EU’s cap-and-trade program. c. The Obama administration championed widespread environmental protection policies as part of its 2008 election campaign but made no real proposal to reform any existing laws regarding environmental issues. d. While Obama had limited success in addressing environmental issues during his first months in office, such as greater fuel efficiency requirements for automobiles and a prohibition of expanded oil drilling on public lands, the global financial crisis and efforts to enact reformed health care legislation caused the Obama administration to largely abandon its environmental efforts.