Employment, inflation, concretionary and expansionary fiscal
Not what you're looking for?
Why do Keynesian economists believe that market forces do not automatically adjust for unemployment and inflation? What is their solution for the stabilization of economic fluctuations?
What is the difference between concretionary and expansionary fiscal policy?
Which do we think is more appropriate today?
Purchase this Solution
Solution Summary
According to keynesian economists, it is the level of aggregate demand or effective demand that determines the level of unemployment and inflation in the economy.
Solution Preview
According to keynesian economists, it is the level of aggregate demand or effective demand that determines the level of unemployment and inflation in the economy. They oppose the theory that supply creates its own demand. ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
Recent Feedback
- "Thank you. "
- "Thank you"
- "Thank you. I got 20/20 last week for my discussion you help me out with."
- "Thank you. Great Job. "
- "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.