According to economist Arnold Kling’s perspective on the economy, economic activity is best viewed by focusing...

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According to economist Arnold Kling’s perspective on the economy, economic activity is best viewed by focusing...

According to economist Arnold Kling’s perspective on the economy, economic activity is best viewed by focusing on

a. aggregate demand.

b. the actions of the Federal Reserve.

c. changes in spending.

d. specialization and trade.

business economics

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Answer 1

Answer #1

Ans. d) specialization and trade

Sales may decline not because aggregate demand has dropped but becuase labor and businesses are out of synchrony with what the buyers want to buy; the current pattern of specialization and trade is unsustainable.

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Answer 2

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