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Which of these statements is fundamental part of keynesian economics?
The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
What statements is a fundamental part of Keynesian economics?
The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
In a recession Keynesian and New Keynesian economists believe that the inflexibility of wages and prices are the result of?
various things like staggered prices, menu-costs, coordination failures generating multiple equilibria (through the channels of expectations), etc.
Who was the British economist who believed that govement that deficit spending in a recession could help the economy recover?
Keynesian theory
Is a recession usually accompanied by higher unemployment?
According to Real Business Cycle and Neo-Keynesian Theory, unemployment is considered a cyclical variable, meaning it fluctuates in-sync with economic conditions. Therefore, a recession, being a decline in economic production, results in a decline in employment.
What raised the most serious doubts about the effectiveness of Keynesian economics?
The combination of recession and high inflation in the 1970s
Which of these statements is fundamental part of keynesian economics?
The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
What statements is a fundamental part of Keynesian economics?
The government can use deficit spending to increase aggregate demand and pull the economy out of recession.
In a recession Keynesian and New Keynesian economists believe that the inflexibility of wages and prices are the result of?
various things like staggered prices, menu-costs, coordination failures generating multiple equilibria (through the channels of expectations), etc.
Who was the British economist who believed that govement that deficit spending in a recession could help the economy recover?
Keynesian theory
Is a recession usually accompanied by higher unemployment?
According to Real Business Cycle and Neo-Keynesian Theory, unemployment is considered a cyclical variable, meaning it fluctuates in-sync with economic conditions. Therefore, a recession, being a decline in economic production, results in a decline in employment.
Why did Herbert Hoover not get reelected?
He was not able to find a solution for the recession.
What is the limitation of keynesian investment multiplier?
limitation of keynesian theory??
What The plans Roosevelt outlines in this speech align with what ideas?
Keynesian economics
What is the possible cure of current recession?
application of Keynesian econmic principles. use of public funds to create employment, spending power and confidence in the economy, restore lending to companies and 'oil the wheels' of global business. m fell
What percentage of economists in the USA are Keynesian versus Free Market?
Keynesian economics is free market
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.
