Keynes believes that in the long run       No government planning is the best     We are all dead     Communism would be the way to organize the economy     Prices will always fall     None of the above

Q: The size of unemployment shows the dynamics in the labor market. a. Illustrate how to calculate the…

A: Unemployment rate is an economic measure that is used to analyze the dynamics of labor market.

Q: Why is economics so useful for, or amenable to, policymaking?

A: Policy making refers to the plans of the government according to the vision and current situation…

Q: Economists who advocate a macroeconomic policy of laissez-faire: Select an answer and submit. For…

A: Macroeconomics is a branch of economics that focuses on the study of the overall economic…

Q: Which of the following events is likely to increase unemployment and drive the price level down?…

A: Unemployment refers to a situation in which the people of a nation who are ready and able to do a…

Q: To say that economists use the scientific method means that they are using. OA an ongoing process to…

A: Scientific Method: A systematic, logical approach used by economists to develop models of the world.…

Q: What are the Capitalism, Socialism and Communism, and What are the diffrences? Also, I would like…

A: The terms Communism, Capitalism and Socialism are different economic systems with differing…

Q: In light of Adam Smith, Ricardo, and Say, please explain the classical political economy perspective…

A: The market mechanism is viewed from the perspective of classical political economy as a…

Q: Which of the following questions are macroeconomic questions?     A. What factors determine the…

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Consider the neo-classical approach to macroeconomics.  What does that theory suggest will happen…

A: A recession occurs when the economy's actual output is exceeded by its potential output. The…

Q: Between neoclassical and heterodox how are these two similar and how are they different? What is the…

A: Neoclassical and heterodox are the two economic thoughts which are based on some assumptions and…

Q: sentence or two defining the following terms in your own words. Give examples of each. a. Inflation…

A: A) inflation means that there is rise in general process level in the economy For example, inflation…

Q: 1. What is the invisible hand theory?  2. What does the invisible hand theory do for the economy?

A: Hi there! Thanks for the question. As per our honor code we are authorized to solve only one…

Q: 1. Milton Friedman is best known for his work in which economic field? a) Keynesian economics b)…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: The economic crash that led the dark path into the great depression included overspending and what…

A: A depression is a prolonged period of economic downturn. Depression is characterized by a sharp…

Q: Market solutions would take too long

A: John Maynard Keynes more focus on demand side to come out from recession. He believe demand creates…

Q: The long run in macroeconomics is the period of time in which prices do not change or do not change…

A: The end of the day may be a period of your time during which all factors of production and costs are…

Q: explain to me these periods in the market cycle: Boom, Bust, and Recovery.

A: Boom-and-bust periods are characteristics of business growth during the economic boom and business…

Q: Both physical and human capital boost potential output/GDP, which is the emphasis in neoclassical…

A: Human capital is the knowledge, and skills possessed by a worker. Human capital makes workers more…

Q: the father of classical school of economics was Adam Smith? a. True b. False

A: Adam Smith is considered the father of Classical economics, he had written “The Wealth of Nations”…

Q: 1-) Explain how we can use the Supply and Demand Model to explain price and quantity fluctuations in…

A: 1. Demand and supply Supply and demand refers to the relationship between the amount of a product…

Q: mathxl.com/Student/PlayerHomework.aspx?homeworkld=616379615&questionld=18&flushed=false&cld=6801150&…

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Q: This is a graph showing the CPl evolution. Identify the different concepts below. Use the…

A: Deflation Deflation is a general drop in the price of goods and services, usually accompanied by a…

Q: Jim says, "I think it's a little like when you have a cold or the flu. You don't need to see a…

A: The area of production, consumption, distribution, and trade of goods and services by different…

Q: Economics    Which of the following will reduce the price level and real output in the short run?…

A: In economics, the short run refers to a period of time during which some factors of production are…