Question

Who or what is represented by each of the following: the automobile, the service station, the road, and the city in the distance?

What do the tool kits represent?

How might the mechanic use the tool kits to help the auto get over a period of recession? a period of inflation?

Explain how an individual with a liberal point of view and one with a conservative point of view might interpret the cartoon differently?

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Answer 1

Interpreting a Cartoon:

1. The auto is the economy, the service station is the government, the road represents when the economy is running smoothly, and the city represents the people having to help keep it running.

2. The tool kit represents Fiscal Tools.

3. During a period of recession, they would use the tools to increase total spending and cut taxes.

4. A liberal might oppose to this because it means you have to spend more, but a conservative would be okay because they probably think its better for the economy.

Step-by-step explanation:

I hope this is correct, my textbook doesn't include the picture so I used the picture you took and read my book and also researched online to understand some things better.

Answer 2

1.) Automobile: economic activity; service station: federal government policies; road: the business cycle; city in the distance: recovery and prosperity

2.) Fiscal and monetary policies

3.) (a) Recession: increase government and private spending, reduce taxes, buy government securities, lower discount rate, and lower reserve ratio; (b) Inflation: increase taxes, reduce government and private spending, sell government securities, raise discount rate, and raise reserve ratio

4.) A liberal might emphasize that mechanics can often make cars run more smoothly. A conservative might emphasize the limits on what a mechanic can accomplish.

Step-by-step explanation:

JMHS