Keynesian approach - Study guides, Class notes & Summaries

4 major issues of macro - correct answer Longterm economic growth, short run business fluctuations, employment, and inflation Recession - correct answer A period when economic activity is declining Long term average unemployment - correct answer 5.5% Disinflation - correct answer When the rate of inflation is falling Deflation - correct a...

Govern-business relations are largely defined by the: correct answers complementary, cooperative, and conflicting roles The US model of government-business relations has shown a great deal of government intervention in private production of goods and services, the heavy use of government strategies, and very little regulatory intervention correct answers False (The US Model has shown minimal government intervention) Summarizing common opinion among scholars such as Roger Porter, government...

BMAL 590 Macroeconomics EXAM QUESTIONS CORRECTLY ANSWERED 100% VERIFIED |ALREADY PASSED An economic recession refers to: - Answers - a period, typically two consecutive quarters, during which aggregate output declines Deflation refers to: - Answers - a decrease in the overall price level. Macroeconomics is the branch of economics that deals with: - Answers - the economy as a whole The school of economic thought that argues that price and wage rigidities do not provide the only reaso...

BMAL 590 Macroeconomics EXAM QUESTIONS CORRECTLY ANSWERED 100% VERIFIED |ALREADY PASSED An economic recession refers to: - a period, typically two consecutive quarters, during which aggregate output declines Deflation refers to: - a decrease in the overall price level. Macroeconomics is the branch of economics that deals with: - the economy as a whole The school of economic thought that argues that price and wage rigidities do not provide the only reasoning for an active macroeconomic po...

AQA_2024: A-level History – Component 1G Challenge and Transformation: Britain, c1851–1964 (Merged Question Paper and Marking Scheme) A-level HISTORY Component 1G Challenge and transformation: Britain, c1851–1964 Thursday 23 May 2024 Materials For this paper you must have:  an AQA 16-page answer book. Instructions Morning  Use black ink or black ball-point pen. Time allowed: 2 hours 30 minutes  Write the information required on the front of your an...

Exam Bank for ECON 104- Latest 2025 Questions and Answers (Rated A+) U3 unemployment rate - Answers unemployed/labor force U5 unemployment rate - Answers (unemployed + marginally attached) / (labor force + marginally attached) U6 unemployment rate - Answers (unemployed + marginally attached + part time for economic reasons) / (labor force + marginally attached) Multiplier - Answers 1/(1-MPC) Cyclical trends - Answers Fluctuations due to economic activity (Business cycle) Typically more rela...

Radicals use the term "political economy" instead of _____ to describe their critique of capitalism and the inequitable distribution of wealth among nations. correct answersMarxism How do Keynesian economic policies differ from the traditional laissez-faire policies developed by Adam Smith? correct answersKeynesian economics advocates for increased government control of economics, and traditional laissez-faire argues for a hands-free approach. The 1973 Mideast war allowed members of the ...

2024_AQA A-Level Politics Paper 3 Political Ideas (Merged Question Paper and Marking Scheme) Friday 14 June 2024 A-level POLITICS Paper 3 Political ideas Friday 14 June 2024 Materials For this paper you must have:  an AQA 12-page answer book. Instructions Morning Time allowed: 2 hours  Use black ink or black ball-point pen.  Write the information required on the front of your answer book. The Paper Reference is 7152/3.  Answer all questions from Secti...

Buying stock on the margin is a way to use leverage. - ANSWER-True Austrian economists tend to favor free market solutions to economic problems, and Keynesians tend to favor an active government. - ANSWER-True If a product faces an elastic demand curve, total revenue will increase when the price increases. - ANSWER-False Opportunity cost is - ANSWER-that which you give up in the best alternative choice when making a decision An increase in gross domestic product (GDP) would be a posi...

to what extent did the political landscape change 1918-79? ARGUMENT- changes massively, war most prominent change PARA 1- rise of labour+decline of the liberals. Lloyd-george outed asquith, seen as traitor. caused a split in the liberals, failed to reunite for 1918 election. Tories rejected coalition, allowed labour to rise. ww1 led to more trade union members, no more fptp. labour became the main opposition in 1929, parties shared the goal of getting rid of liberals PARA 2- ww2. the war ...