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Author Question: Recent research up to the crisis proceeded mainly on three fronts. Discuss each of them. What ... (Read 34 times)

evelyn o bentley

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on: Jun 30, 2018
Recent research up to the crisis proceeded mainly on three fronts. Discuss each of them.
 
  What will be an ideal response?

Question 2

The Great Depression had led economists to suggest a larger role for
 
  A) market mechanism.
  B) government intervention.
  C) price mechanism.
  D) international trade.


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Pswine

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Reply #1 on: Jun 30, 2018
Answer to Question 1

New classical: the extent to which fluctuations in output are explained by movements in the natural level of output. New Keynesian: exploring the nature of market imperfections and nominal rigidities and the extent to which they can explain fluctuations in output. New Growth theory: examines the determinants of technological progress and the implications of increasing returns to scale for economic growth.

Answer to Question 2

B


evelyn o bentley

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

laurnthompson

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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