According to the article, When Reality Bites, which demographic is most affected by economic downturns?

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: Which of the following economists is credited with developing the notion of "economic time?" Marbury…

A: An economist's involvement in development involves assessing statistics such as GDP and consumer…

Q: In 60 words or less what is the major economic thought of John Maynard Keynes?

A: Keynesian economics theory was developed by the British economist John Maynard Keynes in the 1930s.…

Q: Why is a slow growing economy a problem during a recession?

A: To find : Why is slow economy a problem during recession.

Q: Why is a country better off not isolating itself from all other countries? Why do we markets and…

A: Isolation is not a key to development and thus, there must be a free flow of services and goods.…

Q: What were John Maynard Keynes views of the causes of recessions and solutions to fixing them?

A: A recession is a situation of economic contraction, where businesses experience low demand and there…

Q: Give long information about economic changes.

A: Economic change is defined as a change in the structure of an economic system.This results in…

Q: business cycle

A: ‘Business cycle’ refers to a fluctuation in production, employment, trade and general activity in an…

Q: What are some of the steps economies take to recover the market after the crash?

A: Following a recession, economic recovery is defined as a period of persistent improvement in…

Q: What is the purpose of macroeconomic models? How can a model of ice creamproduction be used to…

A: A macroeconomic model is a theoretical construct that illustrates a macroeconomic phenomenon in…

Q: In each state, which points are stable steady states?

A: Answer -

Q: According to John Maynard Keynes, what are the major sources of economic instability?

A: Inflation is the rise in the prices of goods and services over some time.

Q: Has the United States economy effectivily recovered from The Great Depression

A: The Great depression of 1930 still affects the United States in many such as it provides an example…

Q: What is Global Keynesianism?

A: Keynes is an economist who studied the topics of macroeconomics i.e. those topics which affects the…

Q: Classical School of Thought - What is the classical economics position with respect to (a) wages?

A: The main basic principle of classical economics that  it is a self regulating economy.   In the…

Q: Explain what are the differences between classical economist and Keynesian economist point of view?

A: Classical and Keynesian economics are two schools of thought with opposing methods to defining…

Q: Which of the following is not a key macroeconomic variable? А. The unemployment rate. В. The…

A: Macroeconomics deals with aggregates in an economy and focuses on economy as a whole. It does not…

Q: the classical economists, if the quantity of money that people wanted to save was greater than the…

A: Answer to the question is as follows :

Q: If markets do not self-adjust, how can a decline in spending lead to a negative process that ruins…

A: Markets usually self adjust in the long run, if the market do not self adjust then any kind of a…

Q: Which of the following will probably rise when the economy is in a recession?

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Which of the following is not a variable of interest in macroeconomics? the level of planned…

A: Macroeconomics is an important branch of economics, which studies the economy as a whole. It studies…

Q: HOW  AND  WHY WAS THE PROSPERITY AND ECONOMY OF THE 1950’S AND EARLY 1960’S SOUNDER AND MORE STABLE…

A: The prosperity and economy of the 1950s and early 1960s was sound and more stable than that of the…

Q: Assuming the economy is currently in an expansion, which phase will follow? Then place the remaining…

A: When the economy is currently in expansion , it will follow the peak phase of the business cycle.…

Q: There are many factors that can influence the economy. Do you think natural disasters affect the…

A: The gross domestic product (GDP) is the total money value of all the goods and services produced in…

Q: How are data, theory and policy used in Macroeconomics to analyze, explain and develop strategies to…

A: The economic deliveries are not a light on/off switch. A few pointers should be observed and the…

Q: How is long-term growth illustrated in an AD/AS model?

A: To explain the long term growth in an AD/AS model, the graph below represents the growth in the long…

Q: What happens to each sector of the economy when recession occurs?

A: The recession can be defined as a phase in the business cycle which characterised by a general…

Q: What new developments starting in the 1980's have changed macroeconomic thought?

A: The new developments during the 1980s was a forceful contractionary strategy pointed toward bringing…

Q: Which of the following macroeconomic variables is procyclical and leads the business cycle?

A: Economic indicators are generally three types:- 1 - Procyclical variable A variable can be said as…

Q: Describe scope of Macroeconomics

A: Macroeconomics helps to understand the economy as a whole.it gives a greater picture and…

Q: What were the economic views of John Maynard Keynes?

A: The economy is the set of activities related to the production, consumption, and trading of goods…

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: Who is John Maynard Keynes? What time period did he write?  What did he believe about the market’s…

A: John Maynard Keynes was an English Economist who presented his ideas in the field of macroeconomics…

Q: What portions of Keynesian economic theory have the most merits?

A: Keynesian economic theory is developed by John Keynes. He emphasizes on the government intervention…

Q: how macroeconomics uses models?

A: A macroeconomic model is an empirical instrument intended to explain the way a country or region's…

Q: Why do some economists believe that better inventory control software may help to reduce the…

A: Recession is a descending tendency in the business cycle considered by a failure in manufacturing…

Q: how does the circular flow model of  “incomes” and “expenditures” provide a foundation for economic…

A: The circular flow of income is an economic paradigm that represents the aggregate of market…