Economists define money(or,equivalently,the money supply)as anything that is generally accepted in payment for goods or services or in the___of debts.A.payment B.paying C.repayment D.returnB 英语作业帮用户2016-12-08 举报 用这款APP,检查作业高效又准确!扫二维码下载作业帮 拍照搜题,秒出答案,一键...
aThe difference between recession and depression is something not even economists can agree on, as there are a number of ways to define depressions and recessions. Generally speaking, both are characterized by a period of economic uncertainty and a decline in economic activity. Recessions are less ...
How do economists define equilibrium in financial markets? Many neoclassical economists argue that money is neutral in an economy. This means that monetary policy cannot be effective. Do you agree or disagree with this claim? Explain. Which of the following describes an expansionary monetary policy?
Capital, they demonstrated, can rarely if ever be measured in its own “natural” material units. And their U.S. counterparts eventually agreed. Reluctantly, they conceded that real capital was merely a “parable”. Like the ever elusive God, you can speak about it, but, generally, you ...
How did John Maynard Keynes define economics? What is the most important economic variable that explains fluctuations in the economy ACCORDING TO KEYNES? What is the difference between classical and neoclassical economics? Some economists argue for the use of fiscal policy to solve economic problems;...
Well, it appears to suggest that inflation has a negative impact on profit margins – and the higher the profit margin, the worse the impact. This brings us to a little known fact about inflation more generally: from a macroeconomic point-of-view, inflation is a distributionary phenomenon. ...
We saw in the previous section that, for a given set of model parameters and and a given draw of for each , we have enough information to simulation and , for each . Denote these simulated values by and . With these, we can define the moments, which is equal to zero under the model...
Smith is universally hailed as a precursor to nearly every theory of political economy. Yet he belongs firmly to the classical school. Much of what he argued runs contrary to the neoclassical economists that define today’s orthodoxy. Smith, like the entire classical school, sensibly starts with...
Define money. If the deposits (in a bank) increase by $1, what will be the change in the overall money supply? Describe how banks can create money. Describe how banks create money. What does it mean to say that "banks create money"? Can we...