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The idea that the economy will self correct when confronted with changes in aggregate demand is associated with new classical economics true or false?
Wiki User
∙ 10y ago
false
Wiki User
∙ 10y ago
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In contrast with classical economics keynesian economics does what?
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
What is the adjustment process in classical economics?
economics
Problems associated with teaching of economics?
What are the problems associated with teaching of economics in schools
In contrast with classical economics, Keynesian economics _____.?
takes a broader view of the economy
In economics what is classical dichotomy?
It is a concept in classical economics, that monetary forces could influence the general price level but had no effect on real activity
In contrast with classical economics keynesian economics does what?
In contrast with Classical economics, Keynesian economics takes a broader view of the economy
What is the adjustment process in classical economics?
economics
How do Keynesian economics and supply-side economics compare and contrast?
Keynesian economics uses government to increase aggregate demand through both spending and tax cuts. Supply-side economics tries to increase aggregate supply through tax cuts.
Problems associated with teaching of economics?
What are the problems associated with teaching of economics in schools
In contrast with classical economics Keynesian economics .?
takes a broader view of the economy
In contrast with classical economics, Keynesian economics _____.?
takes a broader view of the economy
In economics what is classical dichotomy?
It is a concept in classical economics, that monetary forces could influence the general price level but had no effect on real activity
Definition of cardinal approach in economics?
this approch is also known as uttility approch or classical approch because it was very presented by the classical or orthodox Economics
What is the similarities between classical and Keynesian school of thoughts in economics?
Keynesians say that government should interven in economic activities where as classical say not too
Definition of cardinal approach theory in economics?
this approch is also known as uttility approch or classical approch because it was very presented by the classical or orthodox economics
What are the characteristics of classical economics?
the law of suply and demand
What is the branch of economics that studies the aggregate decisions of all households and all firms?
Macroeconomics
