Explain the general theory of the classical models comparing to Keynes theories
What would be an ideal response?
Research Friedrich Hayek or The Chicago School of Economics or Austrian Economics
Explain the general theory of the classical models comparing to Keynes theories
Be sure to include the benefits and the disadvantages
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The statistical discrepancy account:
a. accounts for services. b. accounts for gifts to foreigners. c. is included to ensure a balance between debits and credits in the capital account. d. estimates transactions that were omitted from the official reporting process. e. causes the net balance in the balance of payments to be negative.
Which of the following is included in the calculated gross domestic product? a. Mr. Kelly buys a used lawn mower from his neighbor Mr. Templeton
b. A local ice cream store sells $17,000 worth of cones and sundaes on July 4th. c. Suzanne buys a love seat and chair for $85 at the yard sale on the corner. d. Farmer Fred sells his second tractor to his son.
Which of the following can policy do?
a. alter incentives b. alter trade-offs c. change opportunity costs d. All of the above are correct.
In recent years, the Chinese government's actions have had an impact on interest rates in the United States
Indicate whether the statement is true or false