Keynes criticized neoclassical economics for assuming that income was constant when analyzing savings. Because If aggregate saving is primarily a function of income not interest rates and investment is determined by the expected profitability of investors and lending institutions , then saving does not determine investment through variations in the rate of interest and the economy doesn't automatically tend to full employment.
Question 1 (1 point) Saved Keynes criticized neoclassical economics for assuming that income was constant when...
(1) Are neoclassical economists justified when speaking of ‘natural laws’ of economics? (2) Are poverty and inequality economic concerns? How are they being addressed by the neoclassical school of economics? (3) is neoclassical economics a science or an ideology? What is the difference?
Question 9 (1 point) For Keynes, the separation of ownership and management makes investment more: Select an Option
Question 1 (1 point) Saved Which of the following is not an objective of the federal income tax law? Stimulate private investment Redistribution of wealth Encourage business activities Support local charities Question 3 (1 point) Roughly how large ( maximum) can your estate be in 2019 and not be subject to estate tax when you die. Assume single and O gifts during life-time. 11 million 5 million 15 million All estates will owe estate tax There is no estate tax...
Question 17 (1 point) ✓ Saved You have $5000 invested in a 30-day savings certificate at an interest rate of 1.00%. How much money will you have when the certificate matures? OA) $5400.11 OB) $4500.11 Oc) $5040.11 D) $5004.11 e O E) $4.11
Read the chapters The Keynesian Perspective and The Neoclassical Perspective. Answer all parts to Question #1 or Question #2 below. Please be sure to state if you are answering Question #1( OR )Question #2. 1) What is the Keynesian prescription for inflation and for recession? a. How did the Keynesian prescription address the economic failure of the Great Depression during the 1930's? b. How did the Keynesian prescription address the economic failure of the Great Recession of 2008 - 2009?...
Question 19 (1 point) Saved Disposable income is: 1) consumption minus taxes. 2) income minus saving. 3) income after adding transfers and subtracting taxes 4) the same as "income". 5) income minus both saving and taxes. Question 20 (1 point) Suppose nominal GDP increases in a given year. Based on this information, we know with certainty that: 1) the price level (GDP deflator) has increased. 2) real output has decreased and the price level has increased. 3) either real output...
Question 49 (1 point) Saved When the reserve requirement is increased banks are able to loan out less money. True False
Question 16 (1 point) Saved 16. When capacitors are connected in parallel, the total equivalent capacitor is increased True False
Question 1 (1 point) Saved When the sales department needs merchandise, it sends the purchasing department a form called O a purchase invoice. O a purchase order. O a purchase requisition. a sales invoice.
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Next Page Question 23 (1 point) ✓ Saved When two amino acids react to form a dipeptide, what is the other product of the reaction? OA peptide bond Water Он+ O A disulfide bond Page 23 of 40