True or false: Classical economists argue that the economy can correct itself quickly after a destabilizing event,
Question:
True or false: Classical economists argue that the economy can correct itself quickly after a destabilizing event, such as a decrease in aggregate demand. Explain your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
False Classical economists do not argue that the economy can correct itself quickly after a destabil...View the full answer
Answered By
Saleem Abbas
Have worked in academic writing for an a years as my part-time job.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
Economists have used the basic framework of aggregate demand and supply analysis to explain recessions. Recessions can occur either when there is sharp decreases in aggregate demand a leftward shift...
-
Classical economists argue that using fiscal policy to fight a recession does not make workers better off. Suppose, however, that the Keynesian model is correct. Relative to a policy of doing...
-
Assume that self-esteem measurements are not affected by an interaction between subject self-esteem and target self-esteem. Is there sufficient evidence to support the claim that the category of the...
-
Crane Inc. Is an agent for Phillips Co. and negotiates sales contracts between Phillips and the final customer for heating and air conditioning units. By agreement, Crane is to receive a commission...
-
what role does mandatory deposit insurance play to help to stabilize financial markets?
-
(c) Should these terms be placed in the fixed-effect or the random-effect model?
-
The most recent monthly income statement for Kennaman Stores is given below: Kennaman is considering closing Store I. If Store I is closed, one-fourth of its traceable fixed expenses would continue...
-
i want the answer Hamad Ali started his own delivery service, Hamad's Deliveries, on June 1, 2020. The following transactions occurred during the month of June. Starting from June 1 and ending in...
-
Logan Products has two production departments-assembly and finishing. These are supported by two service departments-sourcing (purchasing and handling of materials and human resources) and operations...
-
True or false: Keynesian economists are opposed to the use of fiscal policy. Explain your answer.
-
Suppose you are the president of your country and are making a speech to the public about government efforts to boost the economy. How would you explain the way an increase in government spending can...
-
For the data of Exercise 1.4 compute both the mean and variance in flexibility for berth company A and company B.
-
On October 1, Deloitte \& Coopers Price started a consulting firm. The asset, liability, and stockholders' equity account balances after each of the firm's first six transactions are shown below....
-
On June 1, a group of bush pilots in British Columbia, Canada, formed the Adventure Airlines, Inc., by selling \(\$ 51,000\) of common stock for cash. The group then leased several aircraft and...
-
During the first year of operation, 2011, Martin's Appliance recognized \$292,000 of service revenue on account. At the end of 2011 , the accounts receivable balance was \(\$ 57,400\). Even though...
-
During May, Willett Corp. purchased direct materials for 4,250 units at a total cost of \($61,625\). Willetts standard direct materials cost is \($14\) per unit. Prepare the journal entry to record...
-
Determine a positive real root of this equation using appropriate software: \[ 3.5 x^{3}-10 x^{0.5}-3 x=-4 \]
-
As measures of variability, what is the difference between standard deviation and variance?
-
Use Stokes' Theorem to evaluate f(y+sin x) dx+(z+cos y) dy+rdz, where C is the rve r(t) = (sint, cost, sin 2t), t = [0, 2].
-
Which of the following statements is true? a. Specialization and trade along the lines of comparative advantage allows nations to consume more than if they were to produce just for themselves. b....
-
How could an increase in a nations fiscal deficit increase its trade deficit?
-
Why are monetarists sometimes called new or neo-Classicalists?
-
A government bond matures in 30 years, makes semi-annual coupon payments of 6.0% ($120 per year) and offers a yield of 3.7% annually compounded. Assume face value is $1,000. Three years later the...
-
Your objective is: 1. Carry out a life insurance needs analysis, for each one of them (show your calculations) [30 Marks] 2. Refer to the case and the insurance plan quotes. Would you recommend...
-
TufStuff, Incorporated, sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company s products is a heavy - duty corrosion - resistant...
Study smarter with the SolutionInn App