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What actions would a modern Keynesian economist advocate to cure a recessionary gap?
a Keynesian would argue that the essence to solve recession lies with demand management.
When an economy is experiencing a boom (inflationary gap), government should tax people, reduce spending ...etc... to soak up the demand.
When an economy is experiencing a bust (recessionary gap), government should decrease tax and increase government spending (using money they gained during the boom) to increase the demand of an economy.
What else can I help you with?
Why do you need to understand Opportunity cost?
Opportunity cost is fundamental in understanding the true economist cost (and thus profitability) of actions.
Would Keynesian or Classical economists be more likely to emphasize the fallacy of composition?
Keynesian economists would be more likely to emphasize the fallacy of composition. This fallacy occurs when what is true for an individual or a part is incorrectly assumed to be true for the whole, which is a key concern in Keynesian theory. Keynesians focus on how individual actions, such as increased saving during a downturn, can lead to overall economic decline, contradicting the idea that what is good for one is good for all. In contrast, Classical economists generally assume that markets are self-correcting and do not emphasize this fallacy as much.
7) A supporter of free trade would support all of these actions EXCEPT A)?
A supporter of free trade would support all of these actions EXCEPT imposing high tariffs on imported goods. High tariffs restrict trade by making imported products more expensive, which contradicts the principles of free trade that advocate for minimal barriers to international commerce. Instead, a proponent of free trade typically supports reducing trade barriers to promote competition and efficiency.
What actions do people value in economics?
SERVICES are actions that other people value
In the game of economics are actions that other people value?
SERVICES are actions that other people value
Do you advocate for or advocate about?
I provide information and assistance, but do not advocate for specific actions or causes.
What is a political economist?
The definition of a political economist is defined by its actions. Generally speaking, a political economist seeks to utilize a nations economy or its human resources for the common good.
Why do you need to understand Opportunity cost?
Opportunity cost is fundamental in understanding the true economist cost (and thus profitability) of actions.
Would Keynesian or Classical economists be more likely to emphasize the fallacy of composition?
Keynesian economists would be more likely to emphasize the fallacy of composition. This fallacy occurs when what is true for an individual or a part is incorrectly assumed to be true for the whole, which is a key concern in Keynesian theory. Keynesians focus on how individual actions, such as increased saving during a downturn, can lead to overall economic decline, contradicting the idea that what is good for one is good for all. In contrast, Classical economists generally assume that markets are self-correcting and do not emphasize this fallacy as much.
What legal actions can I take to collect my child support?
Visit the court and ask to speak with an advocate with the state Child Support Enforcement agency.
What does devil's advocate mean?
The idea of Devil's advocate simply means that something bad is done in order that it may produce beneficial results. The role of the Devil's advocate is usually to cause things to happen in a particular manner, which would not be possible under normal circumstances. The actions of the Devil's advocate are not actually destined to be vindictive or offensive but simply to provoke the appropriate/necessary response .
Why did al-Afghani condemn the actions the actions of the Persian ruler?
He was a political activist and Islamic ideologist in the Muslim world during the late 19th century, in the Middle East, South Asia and Europe. He was one of the founders of Islamic Modernism and an advocate of Pan-Islamic unity
What conclusion about the use of US military power would be most logical drawn from the experience of war in Afghanistan?
the beliefs or actions of people who advocate thorough or complete political or social reform.
What is the definition of pro-slavery?
Pro-slavery refers to beliefs, actions, or policies that support or advocate for the institution of slavery, in which individuals are treated as property and forced to work without pay.
Why their lecture on temperance is then so hypocritical?
Their lecture on temperance could be seen as hypocritical if they themselves do not practice what they preach. Hypocrisy may be perceived if they advocate for moderation and restraint in one's actions, yet they indulge in excessive behavior themselves. It is important for individuals to align their words with their actions in order to maintain credibility and trustworthiness.
Does Helen Keller's actions fit what you know about her?
Yes, Helen Keller's actions align with what is known about her. She overcame significant challenges as a deaf-blind individual to become an advocate for disability rights and a symbol of perseverance and resilience. Her life's work paved the way for advancements in education and support for individuals with disabilities.
What did Cicero believe in and how did his beliefs influence his actions and writings?
Cicero believed in the importance of justice, virtue, and the rule of law. His beliefs influenced his actions and writings by guiding him to advocate for the principles of democracy, freedom, and the protection of individual rights. He used his influence as a statesman and orator to defend these values and to criticize corruption and tyranny in Roman society.
