Compare the classical and Keynesian views on the speed of wage and price adjustment. What are the important consequences of the differences in their views?

This is an intermediate macroeconomics subject question. Please explain clearly.

Consider the “circular flow” diagram for our economy. Explain what each of its components mean and how that detailed model of “incomes” and “expenditures” provides a foundation for economic theory?

Consider the following dialog between Amy, an economics student who currently studies macroeconomics, and Deborah, her teaching assistant.AMY: Hi Deborah, I'm working on my Aplia homework and realized that I do not understand the definition of the labor force very well. Does it include discouraged workers? DEBORAH: Hi Amy, the conventional definition of the labor force excludes discouraged workers. This is because they gave up looking for jobs . Also, be sure not to mistake discouraged workers for part-time workers. The key difference is that the latter cannot find suitable full-time jobs .   AMY: I think I understand it now, thank you.   DEBORAH: Let me ask you a question to see if you can apply your knowledge. Consider an economy with 20 full-time workers, 16 part-time workers, 10 workers who have been laid off but are actively looking for a new job, and 3 formerly full-time workers who have been without a job for over a year, failed to find any, and gave up looking. Can you…

A decrease in the level of output will cause the following events on the labour market: Select one: a. The level of unemployment decreases causing an increase in the bargaining position of workers which enables them to bargain for a nominal wage increase. b. The natural level of unemployment increases causing a decrease in the bargained real wage. c. The level of unemployment increases which causes a decline in the bargaining position of workers resulting in a lower bargained nominal wage. d. The natural level of unemployment decreases causing an increase in the bargained real wage.

Explain the working of price mechanism in different economic

Economic Questions 2, 3, and 4 What is the correct answers for these three econ questions?

what are the most likely reasons why standard economic models predicted only small effects of TCJA on GDP and average wage growth? Explain.

please read the question carefully. you dont need to answer the numbered questions, they are only topics that we learned so far in the course.   Give an example of a concept learned in this course that you think may be associated with strong macroeconomic performance. the list below is what we learned so far. Explain why this is the case. Use real-world examples and explanations.     lists of concepts we learned: Describe economics and the economic way of thinking. Identify the components of an economic theory. Define scarcity. Explain opportunity cost and the rationale for choice. Define a market and competitive markets. Describe demand and the concept of demand, individual demand and the demand curve. Explain a change in demand versus a change in quantity demanded. Define supply and the concept of supply. Describe a change in supply versus change in quantity supplied. Illustrate and explain and illustrate how markets reach equilibrium price and quantity.

Indicate whether each of the following statements is trueor false, and explain your reasoning.   An intervention which raises nominal GDP will also decrease un-employment. Immigration into a country leads that country to focus more oncapital intensive goods.