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

Author Question: Demand-pull inflation is due to: a. minimum wage laws. b. labor cost increases. c. excess total ... (Read 72 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
Demand-pull inflation is due to:
 a. minimum wage laws.
  b. labor cost increases.
  c. excess total spending.
  d. tax increase.

Question 2

Discuss the differences between Keynesian and supply-side fiscal policies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

The essential difference is that Keynesians attempt smooth out the business by changing aggregate demand (total spending). The supply-siders focus on creating greater incentives to work, save and invest in order to shift the aggregate supply curve to the right. Keynesian economics is essentially demand-side economics. Supply-side economics focuses on the supply side of the AD-AS model.


jerry coleman

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cpetit11

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Exercise increases the heart rate. Exercise increases the heart rate.
Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
How to find the maximum and minimum of a quadratic relation How to find the maximum and minimum of a quadratic relation
Effect of Shifting Labor into R&D Effect of Shifting Labor into R&D
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library