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1. Why is the aggregate demand curve downward sloping?
2. What factors may cause the short run and the long run
3. What is the Classical view of economic management and how is this different from Keynesian's view?
Detailed answer with relevant examples if it applies. Thank you
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- What are the likely consequences of a government implementing a policy of austerity during a period of economic recession? A. It would stimulate economic growth by increasing consumer confidence. B. It would lead to a decrease in the unemployment rate. C. It would potentially deepen the recession by reducing overall demand. D. It would have no effect on the economy's performance.Consider the neo-classical approach to macroeconomics. What does that theory suggest will happen when there is a recession? Group of answer choices a. Wages will decrease b.Wages will increase c. Government should spend less money d. Government should spend more moneyexplains it correctly and not copy paste from anywhere Q)Name a few macroeconomic problems (4-5 problems). And write down how they arose and briefly describe the ways to solve them
- The Keynesian Side of economics focuses on explaining why recessions and depressions occur, as well as offering a _______ for a minimizing their affect a.  pricing strategy b. Policy prescription c. Macroeconomic model d. Set of menu cost1) How did the Keynesian perspective address the economic market failure of the Great Depression?51. What is the essence of "Keynesianism"? That is, what is/are the indispensable
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