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

Author Question: Which of the following assumptions is crucial to the classical model but not the Keynesian model? ... (Read 207 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 30, 2018
Which of the following assumptions is crucial to the classical model but not the Keynesian model?
 
  a. The real wage always equals the marginal product of labor.
  b. Real wages are perfectly flexible.
  c. nominal wages are perfectly flexible.
  d. monetary policy primarily affects aggregate demand.
  e. both b and c.

Question 2

What did the fiscal conservatives of the Eisenhower administration (195361) want?
 
  (a) Balanced budgets and with manageable inflation
  (b) Inflation and budget surpluses
  (c) A balanced budget and high rates of interest
  (d) Laissez-faire economy


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

(a)


plus1

  • Hero Member
  • *****
  • Posts: 676
Reply #2 on: Jun 30, 2018
Thank you :)


aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Model organisms used to study the genetics of development Model organisms used to study the genetics of development
Model for cytoplasmic segregation Model for cytoplasmic segregation
Immunoglobulin G. (b) A ribbon model of the first complete IgG molecule to be crystallized Immunoglobulin G. (b) A ribbon model of the first complete IgG molecule to be crystallized
A model of the ATP cycle in muscle contraction A model of the ATP cycle in muscle contraction
The Power of Classical Conditioning The Power of Classical Conditioning
The ABC model of flower development The ABC model of flower development
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library