This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Briefly discuss new growth theory. What will be an ideal response?[br][br][b][color=gray]Question ... (Read 85 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
Briefly discuss new growth theory.
 
  What will be an ideal response?

Question 2

Explain what is meant by new Keynesians and discuss some of the research conducted in this area.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebonylittles

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

New growth theory focuses on the determinants of technological progress and on the extent to which increasing returns to scale might exist.

Answer to Question 2

New Keynesians focus on the implications of market imperfections such as nominal rigidities. This research has also focused on the determination of wages (e.g. efficiency wage theory). Others have focused on menu costs to explain why prices might not adjust as rapidly to clear product markets.


vinney12

  • Member
  • Posts: 586
Reply 2 on: Jun 30, 2018
Excellent

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Inheritance of Coat Color in Rabbits Inheritance of Coat Color in Rabbits
How to solve a word problem involving trigonometric models (Question 2) How to solve a word problem involving trigonometric models (Question 2)
How to calculate monthly payments at varying amortization periods (Question 3) How to calculate monthly payments at varying amortization periods (Question 3)
math question math question
chem question chem question
Dark Brown Eye Color Dark Brown Eye Color
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library