1. If constant criticism of governments in the media makes people highly cynical about any government’s ability to manage the economy, what effect will this have on the performance of the economy?

2. Suppose that, as part of the national curriculum, everyone in the country had to study economics up to the age of 16. Suppose also that the reporting of economic events by the media became more thorough (and interesting!). What effects would these developments have on the government’s ability to manage the economy? How would your answer differ if you were a Keynesian from if you were a new classicist?