Match the terms to their definitions Column AColumn Bа. Кeynesian1. Implementation of urban reforestationeconomicsprogramsb. Classical2. Studies how economics applies at thenational and global leveleconomicsc. Restorativedevelopment3. Supply creates its own demandd. Conscious4. Expansion in GDP as a result of newproductionconsumptionvingstandardsе.5. A school that focuses on aggregatedemand and encourages government actiongrowth6. Switching from plastic to reusabie bagsfor shoppingf. Business cycle7. The short-run fluctuations of a nationalg. Monetarismеconomy8. The school of economic thoughtoriginally associated with the idea ofh.Macroeconomicslaissez-faire economics9. More of the population gets access tobasic health carei. Say's law10. Studies how economics applies at thej.level of households, businesses, and otherMicroeconomicsorganizations11. A school of economic thought thatargues that active government monetarypolicies usually make economicfluctuations worsek. Economicgrowth

Keynesian economics states that how aggregate expenditure affects the macroeconomic variables like -…

Answered: Column A Column B a. Keynesian 1.…

Column A Column B a. Keynesian 1. Implementation of urban reforestat economics programs b. Classical 2. Studies how economics applies at t

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Match the terms to their definitions

Column A
Column B
а. Кeynesian
1. Implementation of urban reforestation
economics
programs
b. Classical
2. Studies how economics applies at the
national and global level
economics
c. Restorative
development
3. Supply creates its own demand
d. Conscious
4. Expansion in GDP as a result of new
production
consumption
ving
standards
е.
5. A school that focuses on aggregate
demand and encourages government action
growth
6. Switching from plastic to reusabie bags
for shopping
f. Business cycle
7. The short-run fluctuations of a national
g. Monetarism
еconomy
8. The school of economic thought
originally associated with the idea of
h.
Macroeconomics
laissez-faire economics
9. More of the population gets access to
basic health care
i. Say's law
10. Studies how economics applies at the
j.
level of households, businesses, and other
Microeconomics
organizations
11. A school of economic thought that
argues that active government monetary
policies usually make economic
fluctuations worse
k. Economic
growth

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