« previous next »

Author Question: What are the defining features of classical macroeconomics and what policies do classical ... (Read 105 times)

humphriesbr@me.com

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
What are the defining features of classical macroeconomics and what policies do classical macroeconomists recommend?
 
  What will be an ideal response?

Question 2

Refer to Table 4-7. If a minimum wage of 11.50 is mandated there will be a
 
  A) shortage of 40,000 units of labor. B) surplus of 20,000 units of labor.
  C) surplus of 40,000 units of labor. D) shortage of 20,000 units of labor.


234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

Classical macroeconomists believe that the economy is self-regulating and always at full employment. Classical macroeconomists assert that the proper government policy is to minimize the disincentive effects of taxes on employment, investment, and technological change.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

The breast, cutaway view showing both internal and external features. The breast, cutaway view showing both internal and external features.
The universal features of living cells The universal features of living cells
Surface Features on Titan Surface Features on Titan
Examples of NANDA defining characteristics Examples of NANDA defining characteristics
Number of lower molar cusps is one of the features used to distinguish sundadonts from sinodonts. Number of lower molar cusps is one of the features used to distinguish sundadonts from sinodonts.
General Features of Connective Tissue General Features of Connective Tissue
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library