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- Economists from all theoretical persuasions criticized the American Recovery and Reinvestment Act. The Stimulus Package was arguably a Keynesian measure so why would a Keynesian economist be critical of it? Why would neoclassical economists be critical?1. The traditional economic (the Neoclassical view) approach to behavior suggests that: A. employees will always want to do a good job. B. managers may or may not assume that individuals are happy in the workplace. C. managers should assume that employees are there only for a paycheck. D. managers can motivate desired behavior by establishing appropriate incentives. E. all the above.Explain the differences and similarities between Neoclassical Growth and New Keynesian models based on:1. Economic Actors2. Assumption of Market Type
- 1. Explain what is meant by ‘macroeconomics’ and why some economists think that it is different to standard neoclassical economics.Which macroeconomic indicators make a projection in a project decision?Economics what is the rational expectations, representative agent model, and why is it useful in the study of macroeconomics. ?
- Q: Find marginal propensity save given:- Change in Savings = $6600 Change in income = $11,500Between neoclassical and heterodox how are these two similar and how are they different? What is the most significant difference between the two?“Permanent Income of consumption is just the average of all current and future incomes. Thus, one does not need to do the maximisation of intertemporal utility”. True or False. Discuss according to the model. Note that you need to discuss according to the model?