In the Keynesian framework, which of the following events might cause inflation? Group of answer choices interest rates rise none of the above exports decrease a large increase in the price of the homes people own.

The expansion phase of the business cycle is typically associated with higher Multiple Choice income; real GDP real GDP; unemployment employment; income unemployment, output and lower

Assuming the economy is currently in an expansion, which phase will follow? Then place the remaining phases of the business cycle in order = Peak = Expansion = Contraction = Trough

Explain two ways in which a recession might raise the natural rate of unemployment (Macroeconomics field of question)

In the long run when governments attempt to target unemployment below the natural rate we can expect     inflation     crowding out     increase in export revenue     higher tax revenue

According to neoclassical theory of the labour market the intersection of supply and demand for labour determine the nominal wage in equilibrium. True or False

Which of the following would occur in an economy experiencing deflation?

In a Keynesian framework, which of the following government policy choices offer a possible solution to recession? A tax increase on consumer income. A surge in military spending. A reduction in taxes for businesses that increase investment. A major increase in what the U.S. government spends on healthcare.

Explain why economic fluctuations happen according to Keynesians. Why do expansions happen, and recessions?

Why do Urban populations are capital accumulating whereas rural populations are capital consuming?