anyone know anything about economics?
Thread Starter
k three ifers
Joined: Jun 2002
Posts: 42,568
Likes: 4
From: Buffalo, NY
anyone know anything about economics?
like..
not to be too specific..
marx vs. modern economics,
laissez-fair model and the aggregate labor market graph,
keynes' argument for government intervention,
competing explanations for stagflation of 1970s/ contrasting views of 1980s?
h:
i have a midterm on thursday and have four essay questions he gave us, and we have to answer two that he chooses
cant stand the teacher
not to be too specific..
marx vs. modern economics,
laissez-fair model and the aggregate labor market graph,
keynes' argument for government intervention,
competing explanations for stagflation of 1970s/ contrasting views of 1980s?
h:i have a midterm on thursday and have four essay questions he gave us, and we have to answer two that he chooses
cant stand the teacher
Rachel Bilson
Joined: Oct 2005
Posts: 11,230
Likes: 0
From: South Bend/Walkerton, Ind
Yeah i got Econ right now
Keynes idea is called "Keynesian Economics" - The macroeconomics generalization that lead to teh conclusion that a capitalistic economy is characterized by macroeconomic instability and that fiscal policy and monetary policy can be used to promote full employment, price-level stability and economic growth.
Keynes idea is called "Keynesian Economics" - The macroeconomics generalization that lead to teh conclusion that a capitalistic economy is characterized by macroeconomic instability and that fiscal policy and monetary policy can be used to promote full employment, price-level stability and economic growth.
The deer had to die!
Joined: Jun 2002
Posts: 39,835
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From: Fussa, Japan
Keynes pretty much said that government injections (spending) will raise the economy.
Laissez-fair model and aggregate labor market graph - labor demand > labor supply = less consumer spending, more business spending, poorer market; LD < LS = consumer spending, less business spending, better market. Laissez-fair model going along the lines of "hands off" ala government, the government can't force businesses to expand to accommodate the excess labor demand.
Laissez-fair model and aggregate labor market graph - labor demand > labor supply = less consumer spending, more business spending, poorer market; LD < LS = consumer spending, less business spending, better market. Laissez-fair model going along the lines of "hands off" ala government, the government can't force businesses to expand to accommodate the excess labor demand.
