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Roy Weintraub states, "President Richard Nixon, defending deficit spending against the conservative charge that it was "Keynesian," is reported to have replied, "We're all Keynesians now." In fact, what he should have said is "We're all neoclassicals now, even the Keynesians.""
Anwar Shaikh states, "First is Keynesian theory. What is important is that it is constructed differently from neoclassical theory. It is not to be derived by putting imperfections in neoclassical theory; it's really a different theory."
How can Weintraub and Shaikh hold such different views on Keynesian theory? Relying primarily on these two authors explain, to the best of your ability, how they came to the conclusions on the role of Keynes as either inside the neoclassical tradition or completely outside of it.
Identify and briefly explain key macroeconomic issues that stand out as important to consider in business decisions.
Imagine you encounter a hypothetical "Jack and Jill." Choose two of the four frames of colorblind racism (abstract liberalism, naturalization, minimization, or
Consider the industry for making plastic cups. The process of producing the cups generates pollution. Assume the marginal damage function of pollution is given by MD = 4E, where damages are measured in dollars and E is the level of emissions. Assume ..
Which of the following methods of stimulation the economy provides the federal government with the greatest control over how the stimulation takes place? – decrease in interest rates, a decrease in income tax rates, an increase in investment incentiv..
Alison and Carl are civil engineers who own a soil- and water-analysis business for which they have purchased computer equipment for $25,000. They do not expect the computers to have a positive salvage or trade-in value after the anticipated five-yea..
Maxi-mum corporation is looking at two major projects either of which, if successful. could put maxi-mum at the top of management consulting industry section. The project is $14,000,000 contract to help a fortune 100 company its corporate culture. Ex..
A sample of 16 items for the second population showed a mean of 94 and a standard deviation of 8. Use the .05 significant level.
Why does it make sense to use scarce water resources to grow crops that require the most water? Why don’t farmers conserve water and grow more drought tolerant crops until the drought is over?
Of the following, three mean the same thing and one means something different. Which option does not mean the same thing as the other three in the context of the basic market model we reviewed in class (and that you learned about in principles of mic..
If you could not work because you were injured or ill, how much money would you need for living expenses? Making a list of all the things you have used to live your normal life today. Be sure to include things like food, clothes, transportation, cell..
What are the advantages and disadvantages of each method. What do you suppose led each company to make their choices.
Investigate and compare to Commercial Industry
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