« previous next »

Author Question: What are the defining features of classical macroeconomics and what policies do classical ... (Read 116 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 people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

The Australian 20 cent coin features a platypus. The Australian 20 cent coin features a platypus.
Features found in a long bone. Features found in a long bone.
Classical Conditioning in Advertisements Classical Conditioning in Advertisements
Two classical models for the cooperative ligand binding by hemoglobin Two classical models for the cooperative ligand binding by hemoglobin
General Features of Connective Tissue General Features of Connective Tissue
The Power of Classical Conditioning The Power of Classical Conditioning
Video: Passive Smoke Exposure

For a complete list of videos, visit our video library