"Current economic parameters are determined by past rational expectations" is a property of the__________ school of thought....
"Current economic parameters are determined by past rational expectations" is a property of the__________ school of thought.
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monetarist |
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real business cycle |
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rational expectations/new classical |
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New Keynesian |
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classical |
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Y in the equation of exchange equals:
nominal GDP.
velocity.
real GDP.
money stock.
-
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.
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Per class notes, Supply side economics is best illustrated by a "frowny face'.
True
False
Homework Answers
1. Current economic parameters are determined by past rational expectationsʺ is a property of the new Keynesian school of thought.
Ans - New Keynesian
2. Y in the equation of exchange equals real GDP
Ans - real GDP
3. The (original) Keynesian primary policy for a recession is increasing government spending/cutting taxes.
Ans - increasing government spending/cutting taxes
**Per class notes, Supply side economics is best illustrated by a "frowny face'.
I cannot answer this as i don't have your class notes**
Add Answer to:
"Current economic parameters are determined by past
rational expectations" is a property of the__________ school of
thought....
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