What would keynesian economists propose to govt enact

Assignment Help International Economics

Reference no: EM13214176

Suppose the economy is at a position below the physical production possibilities frontier but above the institutional production possibilities frontier. In response to this situation, Keynesian economists would propose that government enact __________ fiscal policy to correct this __________ gap by __________ government purchases.

Reference no: EM13214176

Questions Cloud

Why concept of decentralization call a better description : Many people believe that suburbanization is a phenomenon that started to develop in the 1950s. If we examine land use patterns in the United States, why is the concept of decentralization call a better description of the process

Explain the lowest boiling point and which of the compound : Of the list below, which of the following compunds will have the lowest boiling point and which of the compound will have the highest boiling point?

Why do people move to some cities and away from others : Cities do not reproduce themselves. Why do people move to some cities and away from others You may want to examine why some cities grew from 1990 to 2000, but you need to examine key concepts that underlie urban growth.

What is the rate of output that maximizes zzz : ZZZ, Inc. operates in a monopolistically competitive industry. Its demand curve can be written as P = 160 - Q and its short run total cost curve is equal to TC = 1000 + Q^2. What is the rate of output that maximizes ZZZ, Inc.'s short run profits

What would keynesian economists propose to govt enact : Suppose the economy is at a position below the physical production possibilities frontier but above the institutional production possibilities frontier. In response to this situation, Keynesian economists would propose that government enact.

State the gases in increasing order of their particles : Four samples of gas - O2, CO2, Ar, and He - are available at the same temperature. Rank the gases in increasing order of their particles' average velocity, beginning with the slowest.

How does leverage affect the distance to default : How does leverage affect the distance to default and what is the probability of default, the distance to default and market value of debt?

What is the optimal level of advertising : Company Y is a monopoly industry. Its contribution margin is estimated at 20% (P-MC)/P = 0.2). From past experience, the owner has determined the following relationship exists between expenditures on advertising and total sales

Compute the volume and density of titanium : then dried the flask and added some pieces of titanium to it. the stoppered flask plus the titanium weighed 64.763g. then filled the flask w/water, leaving the titanium pieces in the flask, and found a mass of 67.561g for the flask plus titanium a..

User Account

All Pages