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

Author Question: What is the main difference between new Keynesian economists and monetarists? a. Monetarists ... (Read 95 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
What is the main difference between new Keynesian economists and monetarists?
 a. Monetarists support a fixed-price model, whereas new Keynesians believe that pricesfluctuate.
 b. Monetarists reject the idea that government intervention can stabilize the economy,whereas new Keynesians support this notion.
 c. Monetarists believe that the aggregate supply curve is always horizontal, whereas newKeynesians believe that the aggregate supply curve is always vertical.
 d. Monetarists believe that an increase in the money supply changes real GDPinstantaneously, whereas new Keynesians assume that economic policy operates witha long and variable lag.
 e. Monetarists believe that deficit spending helps stimulate economic growth, whereas new Keynesians advocate a balanced budget.

Question 2

If the measured elasticity of supply coefficient equals 1.3, then supply is:
 a. perfectly elastic.
  b. elastic.
 c. unit elastic.
 d. inelastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


bio_gurl

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Wow, this really help

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

This jumping spider's main ocelli (center pair) are very acute. This jumping spider's main ocelli (center pair) are very acute.
Spider's main organs Spider's main organs
Internal structures of main sequence stars, convection zones with arrowed cycles and radiative zones Internal structures of main sequence stars, convection zones with arrowed cycles and radiative zones
Identify the Main Term Identify the Main Term
Location of the main structures of the vessels Location of the main structures of the vessels
Resting Membrane Potential: Voltage Difference Resting Membrane Potential: Voltage Difference
Video: Second Messengers in the Inositol-lipid Signaling Pathway

For a complete list of videos, visit our video library