This topic contains a solution. Click here to go to the answer

Author Question: Briefly discuss new growth theory. What will be an ideal response?[br][br][b][color=gray]Question ... (Read 83 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
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
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
Thanks for the timely response, appreciate it


blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

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?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

For a complete list of videos, visit our video library