0
Where is money is important in keynsian or classical approach of economy?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
In a socialist economy the government takes a laissez-faire approach to the economy?
False
What is hands off approach to economy?
Oligopoly
In contrast with classical economics keynesian economics does what?
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
After the fall of the economy in 1929, what did classical economists believe to be the solution to the Great Depression?
wait for the economy to achieve equilibrium
In contrast with classical economics, Keynesian economics _____.?
takes a broader view of the economy
What did the growth of te steel industry and cotton mills in the south in the late 1800 suggest?
It suggested that a new approach to the economy was developing in the South.
What was the main economy of classical India?
agricultural production
In a socialist economy the government takes a laissez-faire approach to the economy?
False
Why is a strong economy important?
why is a strong economy important
What is hands off approach to economy?
Oligopoly
In contrast with classical economics keynesian economics does what?
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
After the fall of the economy in 1929, what did classical economists believe to be the solution to the Great Depression?
wait for the economy to achieve equilibrium
In contrast with classical economics Keynesian economics .?
takes a broader view of the economy
In contrast with classical economics, Keynesian economics _____.?
takes a broader view of the economy
What is important to the economy of Georgia?
what are the important features of Georgia's economy
Why would unemployment in a classical economy be zero?
This may not be the answer your teacher is looking for. The classical economy has no facility to support the unemployed or unemployable. So You either work, find or grow your own food or die. No matter how you look at it, no unemployment.
What is classical theory of income and employment?
According to the classical economists there is full employment in the economy, every job seeker gets the job in accordance with his capabilities and there is never involuntary unemployment. Moreover, the resources of the economy are fully employed. The classical economists believed in Lassies fair economy, there should be no government intervention in the economic affairs. In other world, the classical believed in the free enterprise economy. It is told that the classical economists never presented their model in a refined form. However, the credit goes to modern economists who integrated classical form. However, the credit goes to modern economists who integrated classical ideas. The classical model has two pillars. They are Says law of market and quantity theory of money. The say's law is concerned with the real sector or production sector of the economy. While quantity theory is linked with the classical views regarding labor market and credit are also presented. All such means the classical model is explained with the help of four markets of the economy: Goods market, credit market, labor market and money market. A closed private economy where there is no foreign trade and no government, Short run model where population, capital, technology and organizational knowledge remain the same. Anonymous
