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Thomas Malthus argued that capitalism was unstable due to booms and busts in the economy, and so he wanted to see more of society's surplus go to the landlord class.To what extent is Malthus's view similar to and/or different from that of John Maynard Keynes, who argued in his General Theory that "animal spirits" motivated profit expectations and were associated with volatility in capital markets and hence with chronic and periodic unemployment of factors of production?
How was Malthus's view different from Keynes?How was the period during which he was writing affect this comparison?Does his feeling that the landed aristocracy should be promoted also affect this comparison?"
1 long-term economic growth is a term used to describe thea more rapid growth in population than of real outputb
When thinking about the theory of the firm, shirking, and principle-agent problems, we can find analogous situations in our personal lives. Make a Power Point presentation (for sharing with the class) two personal situations to illuminate this con..
In a certain kingdom, the demand function for rye bread was q = 181 - 8p and the supply function was q = 13 + 6p, where p is the price in zlotys and q is loaves of bread.
Determine the equilibrium level of output in the market and determine the equilibrium market price.
a random sample of 10 economists produced the following forecasts forpercentage growth in real domestic
the demand function for newtons donuts has been estimated as followsqx -14 - 54px 45py 0.62axwhere qx represents
An amusement park is consideringchanging its pricing system from a pay- per-ride system to a single entrancefee entitling the entrant to unlimited rides. Assume that the park is not closeto approaching the attendance capacity. The marginal value for ..
If Kinko's utility function is U(w,j)=min{7w,4w+12j} and she has income $2400, then if the price of whips is $20 and the price of jackets is $40, how many units of whips will Kinko demand?
Explain what happens to the primary deficit in year t if the nominal interest rate in year t increases to 17%.
Explain Karl Marx's role in economics 100 words or more.
let the exchange rate be defined as the number of dollars per japanese yen. assume that there is a relatively lower
What market structure is used to benchmark allocative efficiency and why do we use it - Illustrate and explain using a diagram how a firm's long-run average cost curve comes into existence from a multi-plant operation.
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