What evidence have you discovered that points to the Classical, Keynesian, and Monetarist theories being debated today?

Q: Name a couple of “players” in the monetary supply process.

A: The aggregate of all forms of money available in an economy and in circulation within it constitutes…

Q: concept of fiscal and monetary policy with own perceptive point of view

A: Economic policy is the set of measures and strategies implemented by governments or other governing…

Q: Differentiate between classical and neo-classical economics.

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

Q: Why would a Monetarist advocate a balanced budget amendment to the Constitution?

A: The monetarist school of economic thought is an important one amongst the different schools of…

Q: If you had to make a choice today between a policy that would head off increases in inflation or…

A: Phillip curve refers to the single equation economic model, named after William Phillips, tells an…

Q: Are there any reasons why Smith's model of capitalism might not be a successful argument in favor of…

A: Adam Smith was a Scottish economist and philosopher. In his book “An Inquiry into the Nature and…

Q: Which policy is more effective—monetary policy or fiscal policy? Why?

A: The monetary and fiscal policy, both are the way or process to balance the economic activities in an…

Q: Why would most economists default usually first to monetary policy for stabilization before using…

A: An economy can be stabilized either by the government of the nation or by the central bank. A major…

Q: Why should monetary policy and fiscal policy be separately?

A: Fiscal policy: This is the government policy or tool by which it influences the country’s economy…

Q: What’s the difference between Nominal and Real variables in monetary policy?

A: Monetary policy is drafted and implemented by the central bank of a country or any competent…

Q: What is the elite/mass theories of policy formulation and implementation

A: Elite theory is a state theory that aims to define and explain modern society's power dynamics. The…

Q: Compare laissez-faire (classical school of thought) vs Keynesian economics

A: The classical school of thought is related to laissez-faire, that is, the idea of minimal or no…

Q: what were Lionel Robbin's two examples of monetary economics that were inappropriate when he…

A: Lionel Robbin explained the theory of scarcity of choice. He explained that the resources are scarce…

Q: In early 2020, some commentators warned that the unprecedented global pandemic crisis   would lead…

A: (Q)In early 2020, some commentators warned that the unprecedented global pandemic crisis would lead…

Q: how can i use fiscal and monetary policy

A: Depression is defined as a severe and prolonged recession. A recession is a situation of declining…

Q: Question - 1 In an economy with n households, assume a household's utility depends on the quantity…

A: Utility function : U = X1/a(M/P)1/a Budget Constraint : PX + M =< PX0 + M0 Where , X = goods…

Q: What are the differences between classical realism and neorealism? Which one do you think explains…

A: When there is tension between countries and this leads to hampering of trade between them is known…

Q: Should Monetary and Fiscal Policymakers Try to Stabilize the Economy? Explain.

A: Yes, facing booms and depression is something wrong for any economy and stability is necessary which…

Q: What was Adams Smith’s invisible hand, and what economic function did it serve?

A: Adams Smith is known for his remarkable contribution in economics studies due to which he is known…

Q: Provide some reasons why people (and societies) discount future benefits and costs (i.e., future…

A: Discounting is used to compare the value of costs and benefits that occur at different points in…

Q: Suppose wages and prices are flexible, people form their expectations rationally, and they…

A: Based on the policy ineffectiveness proposition, people can anticipate a policy and take measures…

Q: discuss how monetarists and keynesians view the role of government in relation to market interventio

A: Market intervention refers to the deliberate change in the monetary and fiscal policies to influence…

Q: During the 2008-2011 financial crisis, two members of Congress proposed reinstituting the military…

A: The military draft was a system wherein all the citizens who are eligible were required to…

Q: Does neoclassical economics view prices and wages as sticky or flexible? Why?

A: Neoclassical economics is a school of thought that is associated with the names of economists such…