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Question 1
Keynesians contend that because prices are rigid, changes In any aspect of spending, whether government investment, or consumer spending, affect production. For instance, if government expenditure rises but the other spending factors stay the same, production will rise. In your discussion, provide three arguments to evaluate Keynesian views on how the economy works.
Question 2
Write an essay of 1000 words based on three arguments to determine the relevance of keynes's views in South Africa or sudan during the COVID-19 period. In your discussion, evaluate how the Keynesian policies, both monetary and fiscal, were applied during the COVID-19 period. In your discussion, explain how the implementation of these policies was beneficial or detrimental to the country allocated to you in this assessment. Make sure to refer to only one of the countries indicated in the question.
(a) If the family own no other assets than this house, what is the expected value of their asset? (b) If the family had $25,000 sitting in a FDIC insured savings account, what would the expected value of their assets be? (c) If this family was of..
Given the following ratios, show how money multiplies and the total increase in money supply if the monetary base (MH) increases by $520.
the year 2017 was 117,927 and for 2018 it was 119,372. The base period was December 2006. Calculate the inflation rate for 2018
Suppose the production function of a price-taking firm is given by q=f(x) where f(0)=0, and f '(x)>0 and and f ''(x)0. The price of output is p and the price of the input is w. Instead of maximizing profit, the firm maximizes revenue subject to th..
over the past decade many media articles have discussed the topics of coutsourcing and cemerging markets voicing
If the desired reserve ratio goes down and banks take money out of reserve and put it into loans, doesn't that mean that the money multiplier comes into effect, affecting the money supply and also the total deposits?
Gail has purchased a relatively unknown Stradivarius violin with a value of $2,000,000 which she plans to play every day (and therefore must keep at home). Gail is risk-averse. She is concerned about the potential loss of the violin through fire
Accordingly, in order to make its commitment to NATO credible, rather than station all its troops in relatively safe areas, the U.S. chose to station many of its troops close to the borders of Soviet-friendly countries. How does this make the U.S..
The U.S. Postal Service is a monopoly provider of first-class mail delivery (other companies such as UPS and FedEx can deliver packages, but not first-class mail). Do you think this is an example of a cost-based monopoly, or is there some other ex..
Illustrate what is your prediction about the economic health of each economy over the next few years.
Write a report about macroeconomic condition of one of the Australian trading and investment partners in recent years
The question asked was assume that the government imposes a price ceiling on toasters. In particular, suppose that it decrees that a toaster cannot sell for more than $14.
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