Watch The Commanding Heights Episode 1 on youtube and answer the questions

1. Watch “The Commanding Heights” Episode 1 on youtube:

2. And then answer the attached essay questions:

Europe 1931

1. What was the significance of Keynes’ invention of the concepts of Macroeconomics: Inflation and unemployment?

Berlin 1947

1. What was the market’s response to price controls?

Chicago 1950

1. Briefly summarize the Chicago School of Economics beliefs about the forces of the market.

London 1973

1. What was the main idea of “The Road to Serfdom?”

Chicago 1974

1. What are the effects of regulation on an industry?

USA 1979

1. Briefly explain the four pillars of Reaganomics.

2. What are “The Commanding Heights?”