Answer these two questions.

Explain how trading groups can both increase and decrease economic outcomes. Be sure to outline at least three economic indicators and how a trade agreement would affect the three indicators. How do would both Classical and Keynesian economists view trading agreements across nations?

Why do some monetary economists argue for transparent monetary policy-making rules, such as the Taylor Rule, while other monetary economists argue for a more opaque monetary-policy making system. Be sure to articulate each economic camp’s view towards the different styles of monetary-policy making systems as well as the short- and long-term implications of both.

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