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In 1936, Keynes published The General Theory of Employment, Interest, and Money, which many economists agree constructed the fundamentals of "modern macroeconomics." Keynesianism basically lays out three points: the federal government must move away from laissez-faire economic philosophy, the federal government should play an active role in managing the national economy, and the federal government must act to stimulate demand and maintain a high employment rate. The way the federal government should accomplish these three points, suggested by Keynes, was by manipulating interest rates to manage money, raise or lower taxes, and engage in federal spending.
Was Keynes right or wrong from his theory? Please response in 2-3 paragraphs and include Aggregate demand and Aggregate supply explanation.
Save their domestic industries from facing any competition. It is an unrealistic approach as all the countries endeavor to achieve the same objective.
Manchester Foundry produced 45,000 tons of steel in March at a expenses of $1,150,000. In April, foundry produced 35,000 tons at a cost of $950,000.
1. three commonly used methods of evaluating marketing programs are marketing metrics marketing dashboards andmarginal
in some communities water is priced according to a two-tiered declining block method. according to this scheme an
Draw a graph with y on the horizontal axis and Delta L on the vertical axis, showing the relationshipbetween income per capita and population growth in Twilightia. Derive the relationship between population (L) and income per capita (y). (Hint: reme..
What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
The curve that is traced out when we keep indifference curves and the budget line constant and change the price of good X is:
An economy is inlong-run macroeconomic equilibrium when each of the followingaggregate demand shocks occurs. What kind of gap-inflationaryor recessionary-will the economy face after the shock
What is offshoring of white collar service jobs, and how does it relate to international trade? Why has it recently increased? Why do you think more than half of all offshored jobs have gone to India?
Please make sure you have a thesis (a main point that you are making) and develop it thoroughly and coherently. Use specific examples based on empirical evidence (from research, direct observation and experience) and clear standard English.
Determine the comparative advantage according to the classical model. Is the classical model's prediction of comparative advantage consistent with the comparative advantage in the real world given by the above example?
As an worker of the world bank you have been proposed to research the requirements of a country with a particular economic concern. For this project choose a nation and an economic concern such as population, unemployment etc.
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