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Is MPC less than APC in the short-run under keynesian macroeconomics?
Wiki User
∙ 10y ago
APC is equal to MPC
Wiki User
∙ 10y ago
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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.
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.
Under the mercantile theory Did each nation tried to sell less goods abroad than it imported?
yes
What is the difference between consumption and government purchases?
In macroeconomics, GDP is defined as: Consumption+Investments+Government Purchases+Imports-Exports. This is the "guns versus butter" debate: every dollar the government spends on buying guns (or on government salary, buying pens for government use, etc) is one less dollar available for private consumption of butter. Though technically, since investment is also there, you could make it guns versus butter versus cows.
Why is it important to increase area under irrigation?
less is more... if there is a way to increase underground water systems it leaves more room above ground for goods supplying services
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.
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?
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 a less than symbol with a line under it?
It means that is is less than or equal to that number.
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
What does the line under a greater or less sign mean?
The less-than sign alone means "less than"; if there is a line below, it means "less than or equal".
