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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:
- What are the 12 monthly unemployment rates in 2011? List them.
- According to Allan Meltzer what is the main tool to bring about economic recovery?
- 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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