Economists who advocate a macroeconomic policy of laissez-faire: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b C d believe the economy is self-regulating so long as government intervenes to move the economy to equilibrium at natural real GDP. believe the economy is self-regulating and will move to equilibrium at natural real GDP in the long run. also advocate central planning and government control of resources. also advocate active government intervention in the macroeconomy.

Consider the macroeconomics process/perspective.    1). Do you think it helps the economy to implement macroeconomic theories, ideas? Why? Why not?   2). Do you think that the macroeconomic theories and ideas are relevant to you? why? why not?   3). Do you think that macroeconomic ideas produce an economy that is more unequal across citizens? Why? Why not?   4). Do you think macroeconomic theories and ideas are too old fashioned for our current economy? Why? Why not?

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?

From a neoclassical viewpoint, government should focus less on: A. long-term growth. B. controlling inflation. C. aggregate supply. D. cyclical unemployment.

John Maynard Keynes was the founder of modern macroeconomics. He believed that ... Group of answer choices   a. Persistent unemployment was a temporary phenomenon in the macroeconomy b. Consumer and business expectations play a large part in the macroeconomy c. LRAS was unstable d. Consumers and businesses acted together and would resolve downturns in the economy