Economic crises were explained by Mill, Sismondi, and Marx (recessions). Explain how each came to the idea that economic gluts and recessions might occur. What are the similarities and differences between the explanations?
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Economic crises were explained by Mill, Sismondi, and Marx (recessions). Explain how each came to the idea that economic gluts and recessions might occur. What are the similarities and differences between the explanations?
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- It’s the year 2050, and things are a little crazy (crazier?) in America. Sen. Shellow Bazic (Texas) – whose vote is pivotal in the senate – has sponsored a bill in the senate to require all employers in America to pay their employees with Texas Roadhouse meal vouchers. She says that at least $500 of compensation per month should be paid in this form. A $500 voucher will cost employers $500, and can be redeemed for meals at Texas Roadhouse up to a value of $500. Change will be given in further vouchers. Vouchers are not transferrable (so they have to be used by the employee themselves). You are advising the senator for Georgia, and remember that years ago you took an employee benefits class. a. estimate how cash wages will change as a result of the introduction of this program.what are the factors in austrian economic theory that are believed to cause economic cycles?For the past several months, per capita output has grown more and more slowly, and unemployment has fallen, but both trends appear to have leveled off. Where in the business cycle is the economy? A.At a peak B.In a recession C.At a trough D.In an expansion Macroeconomics focuses on: A.The economy as a whole B.Individual decisions C.Wages D.The allocation of scarce resources
- True or false? Economic change during the Civil War was part of Charles and Mary Beard meant when they called the war a second American revolution. The textbook makes a case that while the war accelerated prewar trends of innovation in modernization, it was hardly revolutionary in terms of changing the fundamental direction of the economy. And while statistically the war neither accelerated nor retarded long-term economic growth, it did Ladik we alter the section of the tribulation of wealth and output, very much to the advantage of the northOutput measured through a macroeconomic lens can be explained as: A) Production of the entire economy. B)Production in a monopoly. C)Production of one worker. D)Production of a business.Hello, I would like some step-by-step demonstration (I am having a lot of problems to understand that)of one of my macroeconomics assignments. Thank you, have a nice evening! The U.S. economy slowed significantly in early 2008, and policy makers were extremely concerned about growth. To boost the economy, Congress passed several relief packages (the Economic Stimulus Act of 2008 and the American Recovery and Reinvestment Act of 2009) that combined would deliver about $700 billion in government spending. Assume, for the sake of argument, that this spending was in the form of payments made directly to consumers. The objective was to boost the economy by increasing the disposable income of American consumers. Calculate the initial change in aggregate consumer spending as a consequence of this policy measure if the marginal propensity to consume (MPC) in the United States is 0.5. Then calculate the resulting change in real GDP arising from the $700 billion in payments. Illustrate that…
- What steps are involved in developing and testing an economic theory or model? What are the criteria for a useful theory or model?this is a micro econ question I need help with the question 12.1 Differentiate between economic expansion and contraction. Providing evidence from appropriate academic sources, identify if South Africa is currently experiencing an expansion or contraction and motivate your answer.
