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 28 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
Great answer, keep it coming :)

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Black (melanistic) eastern gray squirrel, Ottawa, Ontario Black (melanistic) eastern gray squirrel, Ottawa, Ontario
How to plot a sine function containing an amplitude and phase-shift (Question 2 of 3) How to plot a sine function containing an amplitude and phase-shift (Question 2 of 3)
How to calculate regular payments or deposits using the annuity formula (Question 1) How to calculate regular payments or deposits using the annuity formula (Question 1)
Delta method question Delta method question
Statistics Question: A swim team Statistics Question: A swim team
An example of a cell-mediated immune response targeting virus-infected cells. An example of a cell-mediated immune response targeting virus-infected cells.
Video: Alzheimer's Disease

For a complete list of videos, visit our video library