From a neoclassical view, which of the following is least important? Select one: a. improving the corporate portfolio b. stimulating potential GDP c. increasing aggregate demand to fight unemployment d. encouraging long-term growth

Hi, thank you for the very fast response, right now I'm studying about Krugman’s speculative attack model.Please help with the question (d): In Krugman’s speculative attack model, how can the model be modified so a jump does take place when the speculative attack occurs?

QUESTION 2 Which one of the following is the best example of someone acting according to the assumptions of the traditional neoclassical model? O A firm decides to make T-shirts out of organic cotton because of its commitment to environmental protection. O Chip buys an exercise machine based on a TV ad, even though research has shown that the machine is ineffective. Alenia buys groceries for her sick neighbor out of kindness. Dori studies hard for her test so she can eventually land a great job. Marc buys a pack of cigarettes out of habit.

Which of the following statements best describes the Neoclassical perspective? OWe should study events like the Great Depression and Great Recession to learn more about macroeconomics ORecessions are primarily caused by a decline in spending OFocusing on the changes in potential GDP is more useful than aggregate demand OSticky wages are the primary cause of recessions

What, using examples, are the main contrasts between the Keynesian and Neoclassical approaches?

Legislation proposes that the government should use macroeconomic policy to achieve an unemployment rate of zero percent, by increasing aggregate demand for as much and as long as necessary to accomplish this goal. From a neoclassical perspective, how will this policy affect output and the price level in the short run and in the long run? Sketch an aggregate demand/aggregate supply diagram to illustrate your answer.

Suppose the economy goes into a recession. Which statement reflects a Keynesian response, and which reflects a neoclassical response? A. "The recession is likely caused by bad government policy, so active policy to solve the problem should be avoided" B. "The government should use fiscal policy to boost spending" 1. Neoclassical 2. Keynesian

Explain what is meant by ‘macroeconomics’ and why some economists think that it is different to standard neoclassical economics. explain with graphs please.

Please don't use AI to solve these questions

Briefly discuss the key difference(s) between Keynesian Economics and Neoclassical Economics.