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In The General Theory of Employment, Interest, and Money, John Maynard Keynes wrote: If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coal mines which are then filled up to the surface with town rubbish, and leave it to private enterprise....to dig the notes up again.....there need be no more unemployment and, with the help of the repercussions, the real income of the community....would probably become a good deal greater than it is.
- Which important macroeconomic effect is Keynes discussing here?
- What does he mean by repercussions?
- Why does he appear unconcerned about whether government spending is wasteful?
they each printed the other's currency, with the intention of dropping large quantities by airplane. explain why might this have been an effective weapon.
If the prices of pizza and submarine sandwiches double and so does Michael's money income, we can compute that Michael's budget constraint will.
You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $17 million, which will be depreciated straight-line to zero over its 4-year life. If the plant has projected net ..
Elucidate which methods resulted in the most hits. Elucidate which methods resulted in few or no hits.
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is $5 a ride. Motorville taxicab drivers want to obtain government's permission.
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
Patrick Cockburn Iraq Study Group's Cautious Appraisal Leutisha Stills Just How Progressive is Congressional Black Caucus.
What do economists mean when they say markets are mutually interdependent? Give an example to support your explanation
Offer one good or service that you think would be considered highly price elastic ,one that you think is highly inelastic and Elucidate why.
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According to the innovation theory of profit, above-normal profits are necessary to compensate the owners of the firm for the risk they assume when making their investments.
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