Author Question: Why is the debate between the international dependence and the neoclassical counter-revolution ... (Read 66 times)

bclement10 · **on:** Jun 30, 2018

Why is the debate between the international dependence and the neoclassical counter-revolution schools referred to as finger pointing?

What will be an ideal response?

Question 2

Structuralists believe the main cause of inflation is

a. rigidities in the economy's supply capabilities
b. lack of sufficient aggregate demand
c. weak position of labor unions
d. government intervention in financial markets
e. all of the above

verrinzo · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

The text stresses that most members of the former school tend to be developing country economists, while most members of the latter school are developed country economists. The former blames underdevelopment on policies adopted by the developed countries, while the latter blames policies adopted by the developing countries.

Answer to Question 2

A