Q: Why the classical economists failed to explain the reason of the great depression? What did the…
A: Microeconomics: - it is the study of an individual's behavior of taking various economic decisions,…
Q: What would be one way to make sure the Great Depression or any recession does not happen again?
A: The Great Depression was the world's worst and longest economic downturn in modern history.The Great…
Q: Write a short note on the Great Depression including its causes, consequences, and development of…
A: The great depression is a major economic disaster that is originated in The USA around the 1930s.…
Q: When the economy approaches full employment, why does demand-pull inflation become a problem?
A: Demand-pull inflation is the upward tension on costs that follows a lack in supply, a condition that…
Q: In general, How to recover from the Great Depression?
A: Depression is a severe and prolonged reduction in economic activity in an economy. A depression is…
Q: With reference to the business cycle, explain how economic recovery (and the resulting "boom") will…
A: The period of boom and bust is the alternating periods of economic development and decline. The…
Q: a macroeconomist would study? a. the economys unemployment level b. the cost of problems at…
A: The discipline of economics consists of two branches namely macroeconomics and microeconomics.…
Q: Which is more important Low inflation or Stable prices?
A: Inflation: The term inflation refers to the general increase in the price of goods and services in…
Q: In what way can inflation distort purchasing power over time for individuals?
A: The economic growth of an economy is generally measured as the growth rate of GDP over time. GDP is…
Q: Do people on fixed incomes benefit or loose out from periods ofrelatively high inflation?
A: Inflation is defined as a continuous rise in the price level, which would cause a value of money…
Q: using examples, explain six (6) implications of rising inflation to an economy?
A: Inflation is defined as a rise in the price of goods and services over time in a given economy. When…
Q: Economics Why should heterodoxy be better than orthodoxy to fight inflation from the point of view…
A: Heterodoxy can be considered as an empirically based concept while orthodoxy based on hypothetical…
Q: business cycle
A: ‘Business cycle’ refers to a fluctuation in production, employment, trade and general activity in an…
Q: Identifying periods of economic growth and recession using the AD/AS models.
A: Economic growth refers to a period where there is a positive shift(rightward) in both the…
Q: When the economy is weak, fear of losing jobs cause consumers to cut back on spending. O True False
A: Yes , when the economy is weak, less consumers will tend to purchase the products of peoducers.and…
Q: If actual inflation exceeds anticipated inflation, who will lose purchasing power and who will gain?…
A: Actual inflation is the rate of inflation measured by the consumer price index and it is unexpected,…
Q: What caused the Great Recession of 2008 in the United States?
A: The great recession of 2008 in the United States is classified as the worst financial crisis as many…
Q: The economic crash that led the dark path into the great depression included overspending and what…
A: A depression is a prolonged period of economic downturn. Depression is characterized by a sharp…
Q: Which of these are examples of positive real shocks? a Technological booms b, Higher jumps in oil…
A: Positive real shock either increases the demand or supply in the economy.
Q: Answer all of these three questions to get amazing feedback if you're not going to I'm was your time…
A: 1)True Because if production decreases and money supply is more,demand would exceed supply resulting…
Q: Why might the Coronavirus pandemic cause inflation?
A: Inflation is characterized by a situation when there is a continuous rise in prices, indicating a…
Q: Fill in the blank economics studies the problem of inflation in an economy.
A: Inflation what we can say generally in simple words that it is the rise in the price of the goods…
Q: Please talk about what type of policies (i.e. expansionary and contractionary) should be used in the…
A: Answer: Introduction: The covid-19 pandemic has led to a fall in aggregate demand and an increase in…
Q: If inflation rises unexpectedly by 5% which of the following economic actors are helped by the…
A: Inflation refers to the general increase in the price level in the economy and increases in the…
Q: 'm confused about in which economic sector did the depression begin?
A: When great depression is taken into consideration, the economic sector in which the depression begun…
Q: Discuss what the long-run Phillips curve looks like in the neoclassical perspective, and why the…
A: Macroeconomics analyzes the economy as a whole. It studies aggregate economic concepts such as…
Q: Countries like China and other developed economies are in the Neo dassical zone. What is the best…
A: Neo-classical zone: In the neo-classical zone either the aggregate demand shifts to the right or…
Q: Linear stages theory, Structural-change model (Lewis two-sector model), International…
A: Since you have posted multiple questions, we will answer the first question for you. If you want any…
Q: Economies go through upswings, during which unemployment increases. Select an answer and submit. For…
A: please find the answer below.
Q: What are the types of inflation? Explain with the help of examples? According to macroeconomics
A: Inflation is defined as the price rise goods and services in the economy. These are of three types…
Q: Business cycles can wreak havoc in the economy and create real economic hardship. Remember, the…
A: In economics, business cycle is defined as the cyclical upswings and down swings of major…
Q: Write in detail about business cycle with example of an economy(Country)?
A: The business cycle can be termed as the fluctuations seen in the growth of the GDP which may be in…
Q: The housing market has weakened during every recession except which of the following? a. The…
A: We have to find The housing market has weakened during every recession except which of the…
Q: Policymakers who can influence AD cannot offset the adverse effects of a recession due to a fall in…
A: Aggregate supply is a macroeconomic variable, where the supply component is addressed. It includes…
Q: How does the economy evolve over time after the initial impact of the shock?
A: Shocks can be defined as an unanticipated change in the economy that moves the aggregate demand (AD)…
Q: assuming, in a country. the unemployment rate was 15%, And the inflation rate was 17% Ánd the GDP…
A: 1)With single policy,this goal would be achieved. Because only growth rate needs to be increased to…
Q: Are there any “good” supply shocks? Explain
A: A supply shock is an occurrence where the supply of a product or service, or goods and services in…
Q: With reference to the business cycle, explain how economic recovery (and the resulting "boom") will…
A: Business cycles are described as coordinated cyclical upswings and downswings in broad economic…
Q: Is there a personal responsibility to intervene and assist in a recession? Should Christians step up…
A: Well technically christians cannot do much in recession.It is the responsibility of the government…
Q: how should policy makers respond to unemployment, inflation and decreased output
A: Unemployment :- When people are ready to work but economy is unable to serve them employment. It…
Q: Which topic is more important fighting inflation or fighting a recession?
A: Inflation is the measure of increase in price level of a basket of consumption goods and services…
Q: What is the job of balancing control over unemployment and inflation, and why is it important?
A: Unemployment and the inflation both are the major factors that can hamper the economy. The pressure…
Q: The business cycle will alternate, if two or more of the components of aggregate demand decrease or…
A: The business cycle alludes to a withdrawal and extension of inflation, GDP, and joblessness. It…
During the pandemic, check the impact of the recession on BOP?
Step by step
Solved in 3 steps
- Which topic is more important fighting inflation or fighting a recession?Business cycles can wreak havoc in the economy and create real economic hardship. Remember, the three indicators to keep your eye on are the unemployment rate, the rate of inflation and the GDP growth rate. At the peak of the business cycle, which economic indicator will enter the “danger zone”? How about in the trough?Which is more important Low inflation or Stable prices?