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In a recession Keynesian and New Keynesian economists believe that the inflexibility of wages and prices are the result of?
Wiki User
∙ 11y ago
various things like staggered prices, menu-costs, coordination failures generating multiple equilibria (through the channels of expectations), etc.
Wiki User
∙ 11y ago
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When do economists believe it is the best time to purchase a house?
During a recession when unemployment is high and interest rates are low (assuming this is for plato) good luck
Differentiate between New Classical and New Keynesian economics school of thoughts?
the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
Why do Keynesian economist believe that market forces do not automatically adjust for unemployment and inflation?
Because it is not about man's capacity to consume, but about his ability to produce.
What do economists look at to measure a nation's overall performance in the global economy?
i believe its balance of trade
Some economists believe fiscal policy and monetary policy do not work very well.?
True
What do the Keynesians believe about the private sector?
As noted above, it is the so-called Keynesian economists who believe that the private sector is inherently unstable.
When do economists believe it is the best time to purchase a house?
During a recession when unemployment is high and interest rates are low (assuming this is for plato) good luck
Do Keynesian economist believe that the economy is self regulating?
No, they regulate the economy by doing 2 things: 1)increasing government spending and decrease taxes to fight recession 2) decrease government spending and increase taxes to fight inflation.
What do most economists believe about the future of the business cycles?
Most economists believe the future of business cycles will continue to ebb and flow. They believe business cycles will continue to drive the economy.
Differentiate between New Classical and New Keynesian economics school of thoughts?
the classical believe the economy is best left to itself whereas the keynesian argued that government intervention could improve economic performance
Why do Keynesian economist believe that market forces do not automatically adjust for unemployment and inflation?
Because it is not about man's capacity to consume, but about his ability to produce.
What did Paul Keating's government believe in?
Unbelievably high interest rates. "The recession we had to have"...
What do economists look at to measure a nation's overall performance in the global economy?
i believe its balance of trade
Some economists believe fiscal policy and monetary policy do not work very well.?
True
What affect did the new deal have on the federal budget?
Keynesian economics made the federal budget the center of economic control and thereby gave presidents the means, altered only by the US Congress, of conducting what might be termed social engineering and wealth redistribution. Many economists believe this over centralized the economy and could lead to rampant deficit spending, and a larger tax burden.
What song has the lyrics I'm home for my city?
I believe you mean the song 'Put On' by Young Jeezy on his album: The Recession. He says 'I PUT ON for my city'. I believe you mean the song 'Put On' by Young Jeezy on his album: The Recession. He says 'I PUT ON for my city'.
What does the Classical School of Economic thought believe?
Classical economists claimed that free markets regulate themselves, when free of any intervention. Adam Smith referred to a so-called invisible hand, which will move markets towards their natural equilibrium, without requiring any outside intervention.
