Both approaches-Keynesian and monetarist-are ways of analyzing a. aggregate supply. b. aggregate demand. c. the average...
Both approaches-Keynesian and monetarist-are ways of analyzing
|
a. |
aggregate supply. |
|
|
b. |
aggregate demand. |
|
|
c. |
the average price level. |
|
|
d. |
government spending and expenditures. |
Homework Answers
Answer: b. Aggregate demand
The difference between Keynesian approach and the monetarist approach is that monetarist economics involves the control of money in the economy, while Keynesian economics involves government expenditure. The identical side of Keynesian and monetarist approach are analyzing the aggregate demand.
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Both approaches-Keynesian and monetarist-are ways of
analyzing
a.
aggregate supply.
b.
aggregate demand.
c.
the average...
5. In the Keynesian model which of the following would be most likely to have the largest impact on aggregate demand a. an increase in the money supply b. a change in government expenditure c. a chan...
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5. (5 marks) In Figure A below one curve depicts the Keynesian view of money demand...
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In the aggregate demand/aggregate supply (AD/AS) model, the vertical axis is labeled: aggregate price level. consumption...
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Aggregate supply and aggregate demand in Lithuania were in their long run equilibrium. Then consumers decided...
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1) If aggregate demand (AD) shifted to the right or left in the Keynesian zone, it...
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1. A movement to the right (upward) along the intermediate range of the Modern Keynesian aggregate supply curve (AS) illustrates: a. demand-pull inflation b. cost-push inflation C, hyperinflation d. decreasing resource costs 2. The aggregate demand (AD) curve will shift to the right if a. the government decreases its spending b. there is a large decrease in oil prices and energy costs c. the price level decreases d. households increase their consumption spending In an economy with an MPC of...
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In the aggregate demand/aggregate supply (AD/AS) model, the vertical axis is labeled: aggregate price level. consumption plus investment plus government spending. GDP. consumption.
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