International dependency and the neoclassical

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Q1. Explain why is dispute among international dependency and the neoclassical counter-revolution schools referred to as "finger pointing?"

Q2. "The stuffed of the housing bubble and the Panic of 2008 reason both businesses as well as households to cut back on their spending in two ways. First, the financial market disruptions made it difficult for businesses to borrow funds for investment spending and for consumers to borrow funds for purchasing housing and motor vehicles. Second, the financial crisis increased the level of uncertainty about the future, which led to a reduction in autonomous spending, or spending independent of output." Source: Robert H. Frank, Ben S. Bernanke, Louis D. Johnston, and Nils Olekalns, (2010) Economy update 2010, Sydney: McGraw-Hill.

Reference no: EM136983

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