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

Author Question: Demand-pull inflation is due to: a. minimum wage laws. b. labor cost increases. c. excess total ... (Read 67 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
Demand-pull inflation is due to:
 a. minimum wage laws.
  b. labor cost increases.
  c. excess total spending.
  d. tax increase.

Question 2

Discuss the differences between Keynesian and supply-side fiscal policies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

The essential difference is that Keynesians attempt smooth out the business by changing aggregate demand (total spending). The supply-siders focus on creating greater incentives to work, save and invest in order to shift the aggregate supply curve to the right. Keynesian economics is essentially demand-side economics. Supply-side economics focuses on the supply side of the AD-AS model.


jerry coleman

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Medical assistants can quickly pull up a patient record when a phone call is received. Medical assistants can quickly pull up a patient record when a phone call is received.
Stages of labor. Stages of labor.
The demand for cheap coal to generate electrical power is rising The demand for cheap coal to generate electrical power is rising
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
Video: Digestion Animation

For a complete list of videos, visit our video library