From a neoclassical viewpoint, government should focus less on: A. long-term growth. B. controlling inflation. C. aggregate supply. D. cyclical unemployment.
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From a neoclassical viewpoint, government should focus less on:
A. long-term growth.
B. controlling inflation.
C.
D. cyclical
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- From a neoclassical view, which of the following is least important? Select one: a. improving the corporate portfolio b. stimulating potential GDP c. increasing aggregate demand to fight unemployment d. encouraging long-term growthWhich is/are correct? PLEASE EXPLAIN A. Managerial economics is based on the Keynesians framework of correcting the short-run fluctuations in the economy B. Managerial economics is based on the Neoclassical framework of maximizing the profits of the firm C. Managerial economics is based on the Keynesian framework of aligning production with demand D. A and B are correct E. B and C are correctWhat is an assumption of a Neoclassical model? a. The future is uncertain b. Output increases when demand in the economy increases c. There is full employment in the economy d. Governments should have a balanced budget Answer correct and explain within 30 mins will give you positive feedback.
- Which worldview makes the most sense?Keynesian perspective or the Neoclassical perspective of economics and why?Which of the following is not related to Macroeconomics? a. Determining individual consumer decisions b. Preventing the economy from experiencing inflation c. Preventing the economy from experiencing unemployment d. Keeping living standards high for people to live decent, meaningful livesAlthough markets could resolve economic downturns, one of John Maynard Keynes’ central points was that ... Group of answer choices a. Market solutions only worked when governments lowered taxes b. Market solutions would take too long c. Market solutions only worked when governments raised taxes d. Markets would always benefit only those who owned capital
- Why would an economist choose either the neoclassical perspective or the Keynesian perspective, but not both?One practical limitation of the Classical or Neoclassical model is that it suggests allowing the economy to self-correct in the long run, but recessions may last a very long time. How severe is this problem and why? What is one example?Please explain to me how to solve this problem. Try to be as specific as possible. Thanks. It is a Macroeconomics II problem.
- why is the economy not self-correcting? What can be done about it?You are to choose the following concepts. Then apply that chosen concept to real life example in our economy. Explain that concept with an example and how it applies within our society Scarcity Supply and Demand Economic Growth, Consumption Unemployment Keynesian v/s NeoclassicalIn Spring 2020, the U.S. economy once again found itself in an economic crisis, this time due to the COVID-19 pandemic. Which approach did the U.S. government follow in regards to the economy—Keynesian or Neoclassical? Explain.