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Which theory of macroeconomics dominated the Reagan adminsrtaion?
Wiki User
∙ 9y ago
For plato users the answer is D. Which is Supply-Side Economics.
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∙ 9y ago
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Who is the trickle down theory associated with?
President Reagan
How is macro and microeconomics interdependent?
Macroeconomics uses a microeconomic foundation to make it analysis. Microeconomic theory often uses econometric data taken from macroeconomics to come up with theories of economic relationships.
What is scope of macroeconomics?
The scope of Scope of Macro Economics can be studied in the following theories :- 1. Theory of National Income 2. Theory of Employment 3. Theory of Money 4. Theory of General Price Level 5. Theory of Economic Growth 6. Theory of International Growth .
What is the definition of macroeconomics?
Definitions of Macroeconomics"Macroeconomics is that part of economics which studies the overall averages and aggregates of the system." (Kenneth Boulding)"Macroeconomics deals with the functioning of the economy as a whole." (Carl Shapiro)The Scope of MacroeconomicsThis includes the use of economic resources at the national level. Theses resources have their effect on the national income, employment, effective demand, aggregate saving, aggregate investment, price level, economic development etc. of the country. Its scope can be divided into following parts:1. Theory of National income: Macroeconomics studies the concept of naational income , its diffferent elements, methods of measurement and social accounting.2. Theory of Employment: Macroeconomics also studies problems relating to employment and unemployment. It studies different factors determining the level of employment, viz, effective ddemand, aggreagte supply, aggregate consumption, aggregate investment, aggregate saving, multiplier, etc.3. Theory of money: Changes in demand for, and supply of money have considerable effect on the level of employment. Macroeconomics therefore, studies functions of money and theries relating to it. Banks and financial institutions are also studied under macroeconomics.4. Theroy of general price level: Determination of and changes in general price level are also studied under macroeconomics. Problems concerning inflation or general rise in prices and deflation or general fall in prices are also studied under macroeconomics.5. Theory of Economics Growth: Study of problems relating to economic growth or increase in per capita real income forms part of macroeconomics. It studies the economic growth of under developed economies. Monetary and fiscal policies of government are also studied under therein.6. Theories of international Trade: Macroeconomics also studies trade among different countries. Theories of international trade, tariff, protection, etc., are subjects of great significance to macro economics.
Difference between neoclassical and new classical macroeconomics?
There is no such thing as neoclassical macroeconomics, only new classical macroeconomics. Neoclassical economics is a dominant school of microeconomics which relies on the use of supply and demand models in order to determine prices, outputs and income distributions and bases its models on utility maximization by individuals with limited income and profit maximization by firms with limited resources (i.e. costs) using production factors. Neoclassical economics developed. Developed at the beginning of the 20th century in the wake of the Marginal Revolution, it is - together with neo-Keynesian macroeconomics - one of the two components of the neoclassical synthesis. As neo-Keynesian macroeconomics failed to provide satisfying solutions to several economic crises in the 1970s new classical economics emerged along with monetarism/Chicago school of economics as new macroeconomic schools of thought. New classical macroeconomics derive their theories on the macroeconomic level from microfoundations based on neoclassical theory. It is therein rivaled by New Keynesian macroeconomics which aims to provide Keynesian macroeconomics with microfoundations of its own.
What are the theory of macroeconomics?
Macroeconomics is concerned about overall performance of the economy.Deals with the economic behaviour of aggregates national income, output, overall price and unemployment.
Who is the trickle down theory associated with?
President Reagan
How is macro and microeconomics interdependent?
Macroeconomics uses a microeconomic foundation to make it analysis. Microeconomic theory often uses econometric data taken from macroeconomics to come up with theories of economic relationships.
In his book The General Theory of Employment Interest and Money what was Keynes credited with?
creating and shaping modern macroeconomics
What is scope of macroeconomics?
The scope of Scope of Macro Economics can be studied in the following theories :- 1. Theory of National Income 2. Theory of Employment 3. Theory of Money 4. Theory of General Price Level 5. Theory of Economic Growth 6. Theory of International Growth .
President reagan's economic program was based on the theory of?
supply-side economics.
What has the author David K H Begg written?
David K. H. Begg has written: 'The economics of floating exchange rates' 'The rational expectations revolution in macroeconomics' -- subject(s): Macroeconomics, Rational expectations (Economic theory) 'Financing government expenditure'
What fields can you take if you choose ecomonics?
Microeconomic Theory, Econometrics, Industrial Organization, International Economics, Labor Economics, Macroeconomics and Monetary Economics, and Public Economics
What has the author Steven Marquard written?
Steven Marquard has written: 'The distortion theory of macroeconomic forecasting' -- subject(s): Business cycles, Economic forecasting, Macroeconomics
What has the author Federico Etro written?
Federico Etro has written: 'Endogenous market structures and the macroeconomy' -- subject(s): Macroeconomics, Industrial organization (Economic theory)
What is the definition of macroeconomics?
Definitions of Macroeconomics"Macroeconomics is that part of economics which studies the overall averages and aggregates of the system." (Kenneth Boulding)"Macroeconomics deals with the functioning of the economy as a whole." (Carl Shapiro)The Scope of MacroeconomicsThis includes the use of economic resources at the national level. Theses resources have their effect on the national income, employment, effective demand, aggregate saving, aggregate investment, price level, economic development etc. of the country. Its scope can be divided into following parts:1. Theory of National income: Macroeconomics studies the concept of naational income , its diffferent elements, methods of measurement and social accounting.2. Theory of Employment: Macroeconomics also studies problems relating to employment and unemployment. It studies different factors determining the level of employment, viz, effective ddemand, aggreagte supply, aggregate consumption, aggregate investment, aggregate saving, multiplier, etc.3. Theory of money: Changes in demand for, and supply of money have considerable effect on the level of employment. Macroeconomics therefore, studies functions of money and theries relating to it. Banks and financial institutions are also studied under macroeconomics.4. Theroy of general price level: Determination of and changes in general price level are also studied under macroeconomics. Problems concerning inflation or general rise in prices and deflation or general fall in prices are also studied under macroeconomics.5. Theory of Economics Growth: Study of problems relating to economic growth or increase in per capita real income forms part of macroeconomics. It studies the economic growth of under developed economies. Monetary and fiscal policies of government are also studied under therein.6. Theories of international Trade: Macroeconomics also studies trade among different countries. Theories of international trade, tariff, protection, etc., are subjects of great significance to macro economics.
What has the author N Gregory Mankiw written?
N. Gregory Mankiw has written: 'Brief principles of macroeconomics' -- subject(s): Macroeconomics 'Macroeconomics 5E & Smarthinking 6 Month Subscription' 'Disagreement about inflation expectations' -- subject(s): Inflation (Finance), Mathematical models, Forecasting 'Introduction to Macroeconomics' 'Macroeconomics, Study Guide, Wall Street Journal Subsription Card & Dismal Scientist Activation Card' 'PRINCIPLES OF ECONOMICS' 'Principles of Macroeconomics (with Xtra!)' 'Principles of Macroeconomics' -- subject(s): Macroeconomics 'Macroeconomics & Dismal Scientist Activation Card' 'Principle of Macroeconomics with Other' 'Student Guide and Workbook' 'The savers-spenders theory of fiscal policy' -- subject(s): Consumer behavior, Consumption (Economics), Debts, Public, Econometric models, Fiscal policy, Inheritance and succession, Public Debts, Saving and investment, Tax incidence 'Macroeconomia' 'Study Guide for Essentials of Economics' 'Sticky information' -- subject(s): Econometric models, Labor productivity, Unemployment, Monetary policy, Inflation (Finance), Wages, Business cycles, Labor market, Information theory in economics 'Principles of Microeconomics' 'Study Guide for Mankiw's Principles of Microeconomics, 4th' 'Principles of Microeconomics with Xtra Card' 'Brief Principles of Macroeconomics' -- subject(s): Macroeconomics 'Macroeconomics 5e & Student Guide & WSJ & Gd & Econ Report of the President' 'Real business cycles' -- subject(s): Business cycles, Keynesian economics 'Macroeconomics & Wall Street Journal Subscription Card 2.0' 'Student Guide and Workbook for Use With Mankiw Macroeconomics' 'What measure of inflation should a central bank target?' -- subject(s): Banks and banking, Banks and banking, Central, Central Banks and banking, Effect of inflation on 'Essentials of economics' -- subject(s): Economics 'Economics & Society (Professors Arias, Farr, & Walker)' 'Macroeconomics & Financial Times Subscription Card' 'Study guide to accompany principles of microeconomics' -- subject(s): Accessible book, Microeconomics, Study and teaching, Economics 'Macroeconomics 5E, Dismal Scientist Activation Card & Study Guide' 'Student Guide and Workbook for Use With Mankiw Macroeconomics' 'Economic Report of the President' 'Macroeconomics & Wall Street Journal Subscription Card' 'Macroeconomics + Case Study Booklet' 'Macroeconomics, Fifth Edition & 2004 Economic Report of the President' 'Principles of Microeconomics + Fortune Columns' 'The reincarnation of Keynesian economics' -- subject(s): Keynesian economics 'Macroeconomics & Study Guide' 'The politics and economics of offshore outsourcing' -- subject(s): Contracting out, Mathematical models, Offshore assembly industry, Political aspects, Political aspects of Offshore assembly industry 'Principles of Micro & Macroeconomics' 'Principles of Microeconomics' -- subject(s): Microeconomics 'Solutions Man T/A Macroeconomi' 'Principios de Economia' 'Principle Macroeconomic' 'Study Guide for Mankiw's Principles of Macroeconomics, 4th' 'Wallstreet Journal Edition of Principles of Economics' 'Macrobytes 3.0'
