Explain why the neoclassical economists believe that the government does not need to do much about...

Explain why the neoclassical economists believe that the government does not need to do much about unemployment. Do yo agree or disagree? Explain.

Expert Solution

Rahul Sunny answered 7 months ago

Neoclassical economists believe that only unanticipated inflation has real effects. Explain this using the AS/AD-framework. In...

Neoclassical economists believe that only unanticipated inflation has real effects. Explain this using the AS/AD-framework. In light of this discuss the desirability and feasibility of government stabilization policy.

Why do most economists oppose attempts to control prices? Why does the government attempt to control...

Why do most economists oppose attempts to control prices? Why does the government attempt to control prices anyway in a number of markets? Do a Google search and share some examples of price controls with your classmates (rent controls and Venezuela could be very interesting).

Why do some economists claim that we should not worry too much about inflation?

a) Why do some economists claim that we should not worry too much about inflation? 2...

a) Why do some economists claim that we should not worry too much about inflation? 2 marks b) Other economists think that there are significant costs associated with inflation above 2-3%. What are they? Briefly discuss

According to Neoclassical economists the following is a means to stimulate economic growth? government spending to...

According to Neoclassical economists the following is a means to stimulate economic growth? government spending to increase demand high taxes low taxes The Phillips curve illustrates a trade-off between ________ and ________. the natural rate of unemployment rate; the actual unemployment rate the natural rate of unemployment; inflation unemployment; inflation The theory of ________ assumes that individuals will use all information available to them to form the most accurate possible expectations about the future. 答案选项组 rational expectations Keynesian economics adaptive...

Why do economists believe that the US trade deficit shows the strength of the economy?

Why do we need carbohydrates and how much do you know about carbohydrates and how they...

Why do we need carbohydrates and how much do you know about carbohydrates and how they contribute to energy in your body.

Explain why economists believe that in standard markets the equilibrium is efficient, and welfare is maximised....

Explain why economists believe that in standard markets the equilibrium is efficient, and welfare is maximised. Use and describe the fundamental assumptions and laws of economics.

1) Why do economists believe it is better to trade than to remain self-sufficient? Is this...

1) Why do economists believe it is better to trade than to remain self-sufficient? Is this always true? Explain in detail. 2) Explain the principle of opportunity cost and provide a detailed example.

Use the Coase Theorem to explain why the government probably does not need to get involved...

Use the Coase Theorem to explain why the government probably does not need to get involved in the externality that arises when your roommate stays up studying that your sleep is adversely affected, but it probably need to get involved in addressing pollution that causes global warming.

Question