Many modern economists
a. combine Keynesian short run and neoclassical long-run theories to understand the economy.
b. use only Keynesian theories to understand the economy.
c. use only neoclassical theories to understand the economy.
d. use Rational and Adaptive Expectation theories to understand the economy.
a. combine Keynesian short run and neoclassical long-run theories to understand the economy.
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Describe the basic issues involved in setting up a system of national accounts that includes the value of environmental capital and its loss
What will be an ideal response?
Comparing Tobin's model of the speculative demand for money with Keynesian speculative demand
A) both models imply that individuals hold only money or only bonds. B) the Keynesian model implies individuals diversify their asset holdings, while the Tobin model predicts that individuals hold only money or only bonds. C) the Tobin model implies individuals diversify their asset holdings, while the Keynesian model predicts that individuals hold only money or only bonds. D) both models imply that individuals diversify their asset holdings.
Which of the following individuals can be counted as unemployed?
What will be an ideal response?
When governments provide information to unemployed people about which professions are experiencing rising demand for labor, they are trying to minimize the effects of which kind of unemployment?
A. Seasonal unemployment B. Frictional unemployment C. Cyclical unemployment D. Structural unemployment