Keynesian economists

Q: What would be one way to make sure the Great Depression or any recession does not happen again?

A: The Great Depression was the world's worst and longest economic downturn in modern history.The Great…

Q: dentify similarities and differences in the way Keynes and Hayek think about information and…

A: John Maynard Keynes and Friedrich Hayek were both famous economists with opposing views on how to…

Q: Briefly describe Keynesian/Demand side economic policy.

A: The measures or actions taken by governments, central banks, and other policy-making entities to…

Q: Which of the following is a desirable feature in an economy? Group of answer choices low inflation…

A: Desirable features are such features that help the economy to grow at a steady and healthy rate…

Q: Explain why classical assumptions are not realistic

A: Economics is the study of how the scarce resources of society are exploited. It is a social science…

Q: Differentiate between classical and neo-classical economics.

A: "Classical" and "neoclassical" are the names for two philosophical approaches to economics. As the…

Q: What was Keynes’s solution to the Depression?

A: Keynesian economics was first highlighted during the Great Depression because it was considered as…

Q: Think back to August 6, 1945. The United States has just dropped an atomic weapon on the city of…

A: It was during the 1939 gathering of dark war clouds over Europe that Keynes saw it as an opportunity…

Q: the effect of a decrease in government spending in the classical model

A: Answer: Introduction: The classical economist believes in 'laissez-faire'. It means they deny the…

Q: The $2.2T Coronavirus Aid, Relief and Economic Security (CARES) Act & the $1.9T American Rescue Plan…

A: Expansionary fiscal policy refers to when the government uses budgetary measures to boost spending…

Q: What are the basis of concepts taught in macroeconomics?

A: Macroeconomics is a branch of economics that studies how an overall economy behaves that is, how the…

Q: What was Reaganomics, and what were its most important long-term consequences?

A: (Q) What was Reaganomics, and what were its most important long-term consequences?

Q: What are the main differences of thought between John Maynard Keynes and Milton Friedman

A: John Maynard Keynes He was indeed an English economist for whom the theories profoundly altered…

Q: How does New Keynesian and early Keynesian differ? What are the possible explanation for this…

A: The two basic school of economic reflecting two major views are: Classical economics and Keynesian…

Q: Discuss the methods and objectives of macroeconomic analysis.

A: Methods and Objectives of Macroeconomic Analysis  Introduction:-Macroeconomic analysis is the study…

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: Who did John Maynard Keynes advise with his economic theory?

A: The macroeconomic economic theory of total expenditure in the economy and its consequences on…

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: Discuss in detail, how to achieve the macroeconomic policy targets

A: Macroeconomic policies are the government actions to deal with the instability of the broader…

Q: John Maynard Keynes

A: John Maynard Keynes is the father of Keynesian economics. He gave the short-run mechanism of…

Q: ccording to the British economist John Maynard Keynes, economic instability was a product of…

A: John Maynard Keynes was a British economist who lived from 1883 until 1946. He is best known as the…

Q: Identify and briefly describe the main ideas Keynesian economics is based on.

A: Answer: The main ideas of Keynesian economics are given below: (1). Demand creates its own supply:…

Q: ne practical limitation with Keynesian economics is the challenge of implementing active economic…

A: The numerous macroeconomic theories and models of how aggregate demand significantly affects…

Q: Enlist the most prominent macroeconomic problems which need proper attention of policy makers in…

A: Macroeconomics: - it is the study of various economic decisions taken on the account of the whole…

Q: What are the flaws in each of the framework model's political or social mechanisms?

A: Political mechanisms: This article situates mechanism- and process-based explanations within the…

Q: Explain how Milton Friedman's economic views differed from those of Keynes and explain why more…

A: John Maynard Keynes, a revolutionary economist of the 1930s, had published his book, "General…

Q: Identify three macroeconomic issues that have been in the news recently.

A: The economics as a study is based upon the phenomenon of the making decisions in the presence of…

Q: Why is it helpful to model the policy process?

A: Policy refers to the action or a principle proposed by the directing or controlling authority to…

Q: classical and Keynesian economists

A: The biggest disagreements in macroeconomics are related to the economic philosophy.

Q: What are some of the steps economies take to recover the market after the crash?

A: Following a recession, economic recovery is defined as a period of persistent improvement in…

Q: what are some real-life examples of macroeconomics?

A: Gross Domestic Product: GDP is the total value of all goods and services produced within a country's…

Q: Explain how policy makers can perfect their craft for the betterment of society

A: Public Policy is significant, on the grounds that it influences the ordinary person. Changes to…

Q: how Ricardian model results in an increase in production in the world

A: International trade: - it means the buying and selling of goods and services with other countries.

Q: Critically analyse the key macroeconomic concerns

A: Macroeconomics is the study of the general functioning of the economy. Since microeconomics focuses…

Q: According to John Maynard Keynes, what are the major sources of economic instability?

A: Inflation is the rise in the prices of goods and services over some time.

Q: Do you think that the conventional economic system will create economic stability? Why or why not?…

A: A traditional economic system is one in which human activities such as distribution, production,…