The two frameworks conventional economists generally use to analyze macroeconomic issues are:
A) the inflation and the unemployment frameworks.
B) the short-run and the long-run frameworks.
C) the business cycle and the growth cycle frameworks.
D) the stagnationist and the Post-Keynesian frameworks.
Correct Answer:
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Q3: The laissez-faire policy prescription to eliminate unemployment
Q22: The long-run growth framework focuses on factors
Q24: According to Classical economists in the 1930s,
Q27: Potential output:
A)is purely a physical phenomenon.
B)is related
Q28: Keynesian economics focuses on:
A)the long run.
B)the short
Q31: Keynesians:
A)generally favor activist government policies.
B)generally favor laissez-faire
Q33: Classicals:
A)generally favor activist government policies.
B)generally favor laissez-faire
Q37: The Great Depression occurred in the early:
A)1900s.
B)1930s.
C)1950s.
D)1960s.
Q38: Classical economists believe that in the short
Q39: Classical economists are generally associated with:
A)laissez-faire.
B)their support
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