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Should economics be considered a science?
Microeconomics should be considered a science because it has a solid foundation of empirical evidence. Macroeconomics is less precise with weaker empirical evidence. Some people compares macroeconomics to astrology because experts in both fields sometimes ,but far from always, makes correct predictions of the future.
How does Keynesian economics relate to fiscal policy?
Keynesian economics emphasizes the role of government intervention in stabilizing the economy, particularly through fiscal policy. It advocates for increased government spending and tax cuts during economic downturns to boost demand and spur growth. By adjusting fiscal policy, governments can influence aggregate demand, thereby mitigating recessions and reducing unemployment. This approach contrasts with classical economics, which favors less government intervention in market forces.
What is Supply-side Economics?
lower tax rates causes the economy to growSupply-side economics is a macroeconomic school of thought that falls under the classical theory of economics. This theory suggests that economic progression can be made more effectively when there are less barriers to suppliers (lower business taxes, few/no regulations, etc.). Supply-side economists argue that with a less strict policy on businesses, we can have a large amount of goods for lower prices. In contemporary times, supply-side economics is synonymous with "trickle-down economics." Supply-side economics is the less mainstream school of thought in macroeconomics, and it is frequently challenged on its merit.
Where is money is important in keynsian or classical approach of economy?
In the Keynesian approach, money is crucial as it influences aggregate demand and can impact economic output and employment levels, particularly in times of recession. Keynesians argue that changes in the money supply can affect interest rates, which in turn influence investment and consumption. Conversely, the classical approach emphasizes that money is neutral in the long run, primarily serving as a medium of exchange without affecting real output, as markets are assumed to be self-correcting and always at full employment. Thus, while money plays a significant role in Keynesian economics, it is seen as less impactful in the classical framework.
Under the mercantile theory Did each nation tried to sell less goods abroad than it imported?
yes
What does the prefix- sus- mean?
sus-: less or under
Should economics be considered a science?
Microeconomics should be considered a science because it has a solid foundation of empirical evidence. Macroeconomics is less precise with weaker empirical evidence. Some people compares macroeconomics to astrology because experts in both fields sometimes ,but far from always, makes correct predictions of the future.
Who held much less powerunder the empire than it had under the republic in Rome?
The senate and the elected officials held much less power under the emperors than they held under the republic.The senate and the elected officials held much less power under the emperors than they held under the republic.The senate and the elected officials held much less power under the emperors than they held under the republic.The senate and the elected officials held much less power under the emperors than they held under the republic.The senate and the elected officials held much less power under the emperors than they held under the republic.The senate and the elected officials held much less power under the emperors than they held under the republic.The senate and the elected officials held much less power under the emperors than they held under the republic.The senate and the elected officials held much less power under the emperors than they held under the republic.The senate and the elected officials held much less power under the emperors than they held under the republic.
How does Keynesian economics relate to fiscal policy?
Keynesian economics emphasizes the role of government intervention in stabilizing the economy, particularly through fiscal policy. It advocates for increased government spending and tax cuts during economic downturns to boost demand and spur growth. By adjusting fiscal policy, governments can influence aggregate demand, thereby mitigating recessions and reducing unemployment. This approach contrasts with classical economics, which favors less government intervention in market forces.
WHAT SYMBOL is which greater than or less than?
> is greater than; with a line under it it is greater than or equal to < is less than; with a line under it it is less than or equal to
Why land under forests is becoming less?
because lava under the ground is rising causeing less room for the trees to grow
What is supply sided economics?
lower tax rates causes the economy to growSupply-side Economics is a macroeconomic school of thought that falls under the classical theory of economics. This theory suggests that economic progression can be made more effectively when there are less barriers to suppliers (lower Business Taxes, few/no regulations, etc.). Supply-side economists argue that with a less strict policy on businesses, we can have a large amount of goods for lower prices. In contemporary times, supply-side economics is synonymous with "trickle-down economics." Supply-side economics is the less mainstream school of thought in macroeconomics, and it is frequently challenged on its merit.
What is under 1m?
anything less then 1m?
What is a less than symbol with a line under it?
It means that is is less than or equal to that number.
Why is there so much emphasis on exact definitions in economic?
In the case of macroeconomics, it's because those who control the economy want you to think that it's a difficult science. The more obscure and confusing it is the less likely you are to see that we are all slaves to the central banks.
What is under frequency?
When the frequency is less than expected.
How hairs grow less in under arms and under legs?
try getting your mom to help
