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: What are the things that we can learned from Adam Smith's Wealth of Nation that related to modern…

A: Adam Smith is known as father of economics who gives a lot of theories related to economics which…

Q: The economic downturn (cycle) occurring during the 1930s was known as which of the following?Choose…

A: ‘Economic downturn’ implies a decline(↓) in economic activity. It was occurred during 1930.

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: erything an economy produces and everything it consumes? O savings

A: Keynes' hypothesis of employment depends on the standard of compelling demand. As such, level of…

Q: Which is/are correct? PLEASE EXPLAIN   A. Managerial economics is based on the Keynesians framework…

A: Administrative financial aspects is a part of financial matters including the use of monetary…

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: Briefly (1-2 sentences) explain whether the following statement is positive or normative and why.…

A: Positive statement: - positive statements are those statements that described things as it is and is…

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: But is it really the case that if the government gave everyonein the economy an extra $1,000,…

A: There are two effects which are short run effect and another is long run effect. But in this…

Q: e. There is a tradeoff between inflation and unemploymet in the short run.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

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

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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: Give simple states for the grounds, which are criticized by mill's theory.

A:

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

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Q: How would you compare and contrast Keynesian and neo-classical theories?

A: Keynesian economists start from the theory of Keynes who was summoned by the President of Country U…

Q: Compare both the classical and modern theory of the economic activities of the state

A: An economic theory is a body of concepts and precepts that describes how various economies operate.…

Q: Tom says the economy should focus more on producing fun things people can buy if it is going to…

A: Answer: In my point of view, Tom is right because when economic growth is in question, then…

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…

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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: lassify each of the following statements as positive or normative. Explain. Bahamas faces a…

A: Normative statements are based on the opinion or these are advisory in nature. While the positive…

Q: Do economists have a role in policymaking non-economic topics?

A: Economists can assume a part in policymaking on non-monetary points, contingent upon their mastery…

Q: Which of these economic problems is not associated with the study of macroeconomics? a. How to…

A: Macroeconomics shows a bigger picture of how the entire economy works and takes into picture GDP,…

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

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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: Who is generally regarded as the founder of the 'Classical School'? David Ricardo

A: To find : Founder of classical school.

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: 2. Describe how economic policies (of the UK and the US) were changed to reflect Adam Smith and…

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Q: How does neoliberalism differ from classical liberalism in its approach to economics? Group of…

A: Neoliberal proponents may use classical liberal logic to justify neoliberal policies. The…

Q: What was one of John Mayland Keynes’s major economic belief

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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: Fill in the blank economics studies the problem of inflation in an economy.

A: Inflation what we can say generally in simple words that it is the rise in the price of the goods…

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…

Q: the larger exporters oppose policy might it's be a case macroeconomics

A: Exports are defined as moveable items produced inside one country's borders that are traded with…