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See attached WSJ article from October 2011 on Keynesian Economics. It is written by a conservative scholar from the Hoover institute at Stanford University in

See attached WSJ article from October 2011 on Keynesian Economics.

It is written by a conservative scholar from the Hoover institute at Stanford

University in northern California.

https://www.hoover.org/research/four-reasons-keynesians-keep-getting-it-wrong

Read article and Answer below questions:

  1. What are the 12 monthly unemployment rates in 2011? List them.
  2. According to Allan Meltzer what is the main tool to bring about economic recovery?
  3. There are four omissions from the economic theory of a Keynesian. Briefly describe the four omissions and what is a common reactionof an investor in two of the four omission?

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