Are you a Classical or Keynesian economist? Pick a perspective and defend.
Homework Answers
Classical economists are no longer relevant in the short run, the economy is facing the short run problems and classical are failed to give the right solution to the short run issues in the economy.
It is the keynese who can provide the right solutions to the short run problems. Over the short run , the fall in the aggregate demand causes the fall in the output and employments.
Thus these short run issues can be addressed through the rise in the aggregate demand. Goverment intervention is required to address the deficient aggregate demand. Rise in the aggregate demand will solve the problem of unemployment. It is possible through the keynese prescription. Thus we are Keynesian economists.
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Are you a Classical or Keynesian economist? Pick a perspective
and defend.
Explain what both a Classical and a Keynesian economist would do in the following scenarios: a)...
Explain what both a Classical and a Keynesian economist would do in the following scenarios: a) Macroeconomic outcome is undesirable (unemployment or inflation is too high). What would each do to resolve this? b) Tax cut is needed to stimulate the economy. What type would each economist suggest?
Discuss and defend your thought about the theories of New Classical versus New Keynesian response relating...
Discuss and defend your thought about the theories of New Classical versus New Keynesian response relating to macroeconomics.
1. Paul Krugman is a: monetarist economist. real business cycle economist. rational expectations economist. supply-side economist. Keynesian economist. 2. The (original) Keynesian primary policy for a...
1. Paul Krugman is a: monetarist economist. real business cycle economist. rational expectations economist. supply-side economist. Keynesian economist. 2. The (original) Keynesian primary policy for a recession is: increasing money supply/decreasing interest rates. decreasing the money supply/increasing interest rates. increasing government spending/cutting taxes. increasing government spending/increasing money supply. increasing government spending/raising taxes. 3. The original classical school dominated macro economic thinking: 1800s to 1933. 1759-1793. 1997-2017. 1933-1980.
Read the chapters The Keynesian Perspective and The Neoclassical Perspective. Answer all parts to Question #1...
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?...
A neoclassical economist and a Keynesian economist are studying the economy of Vineland. It appears that...
A neoclassical economist and a Keynesian economist are studying the economy of Vineland. It appears that Vineland is beginning to experience a mild recession with a decrease in aggregate demand. Which of these two economists would likely advocate that the government of Vineland take active measures to reverse this decline in aggregate demand? the Keynesian economist both economists would take action the neoclassical economist neither economist would take action
Topic Compare and contrast the competing schools of thought: Classical versus Keynesian. Explain whether you are...
Topic Compare and contrast the competing schools of thought: Classical versus Keynesian. Explain whether you are a Classical, Keynesian, or neither type of economicst.
the Keynesian Perspective and the Neoclassical Perspective, discuss how these two ideas may interact with each...
the Keynesian Perspective and the Neoclassical Perspective, discuss how these two ideas may interact with each other. (As a reminder, the Keynesian Perspective involves government acting to affect the economy, whereas the Neoclassical Perspective says that the economy should just be allowed to adjust.) Can they coexist? How do you see these two working together or against each other? Which is preferable?
Differences Between Classical & Keynesian Economics
Differences Between Classical & Keynesian Economics
In this assignment, you are asked to analyze, examine and defend either the bottom up or top down perspective to bu...
In this assignment, you are asked to analyze, examine and defend either the bottom up or top down perspective to budgeting. To do this, select a perspective and then use the information you have gained about the budgetary process, roles, objectives, formats, and anything else from Modules 4 and 5 (along with any personal experience) to describe the pros and cons of that perspective and defend it as the most preferable. Please try to
In this assignment, you are asked...
3) Compare the Classical school versus Keynesian school a. Market failure tends to be the focus of the Keynesian sc...
3) Compare the Classical school versus Keynesian school a. Market failure tends to be the focus of the Keynesian school and government failure the focus of the classical school. Explain b. Link your discussion to the debate between John Maynard Keynes and Fredrick Von Hayek in the Commanding Heights video.
3) Compare the Classical school versus Keynesian school a. Market failure tends to be the focus of the Keynesian school and government failure the focus of the classical school. Explain...
Topic Compare and contrast the competing schools of thought: Classical versus Keynesian. Explain whether you are a Classical, Keynesian, or neither type of economicst.
In this assignment, you are asked to analyze, examine and defend either the bottom up or top down perspective to budgeting. To do this, select a perspective and then use the information you have gained about the budgetary process, roles, objectives, formats, and anything else from Modules 4 and 5 (along with any personal experience) to describe the pros and cons of that perspective and defend it as the most preferable. Please try to
In this assignment, you are asked...
3) Compare the Classical school versus Keynesian school a. Market failure tends to be the focus of the Keynesian school and government failure the focus of the classical school. Explain b. Link your discussion to the debate between John Maynard Keynes and Fredrick Von Hayek in the Commanding Heights video.
3) Compare the Classical school versus Keynesian school a. Market failure tends to be the focus of the Keynesian school and government failure the focus of the classical school. Explain...
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