Keynesian Study guides, Revision notes & Summaries

POSI 2320 Exam 1 Pure Capitalist Economy - ANSWER--private individuals and companies own the modes of producing goods/servies -government does NOT enact laws aimed at influencing the marketplace Regulated Capitalist Economy - ANSWER--government enacts policies to influence the health of economy -what the USA has Laissez Fare - ANSWER--hands-off stance of a government in regard to the marketplace -Adam Smith, "Wealth of Nations;" invisible hand George Washington; 1789 - ANSWER-Wh...

Test Bank For Macroeconomics 6th Edition by Stephen Williamson ISBN: 9780137538201. Macroeconomics 6e test bank. TOC:- Table of Contents Part 1: Introduction and Measurement Issues Introduction Measurement Business Cycle Measurement Part 2: Basic Macroeconomic Models: A One-Period Model and Models of Search and Unemployment Consumer and Firm Behavior: The Work–Leisure Decision and Profit Maximization A Closed-Economy One-Period Macroeconomic Model Search and Unemployment Part 3: E...

In the Keynesian cross diagram, if the marginal propensity to consume is 0.75, then a $100 million increase in government spending will increase output by - Answer $400 million If the marginal propensity to consume is 0.75 and the interest rate is fixed, then a $100 million increase in taxes will eventually change equilibrium output by - Answer -$300 million For any given interest rate, a decrease in government spending causes the planned expenditure curve to shift ---- and the IS curve to...

Political Science (Final Exam) Latest Update Graded A Government is the leadership of a country, territory, or city; a group of people with the power to make decisions and carry them out, and make laws and enforce them. (The vehicle in which laws are made; the governing body of a nation, state community.) Purpose: to protect the individual rights of its citizens. lobbying Effort by an interest or advocacy group to influence the behavior of a public official/ gov policy. political socialization...

Hoovervilles Correct Answer Towns that were composed of the homeless who lost their homes due to the economy. These people basically lived in shakes. -During the great depression when Hoover was President The Bonus Army Correct Answer Veterans were asking for there Bonus that they were promised for fighting in the military. This promise was broken and so the veterans marched in 1932 and demanded the cash payment redemption for their service certificates. Mexican Reparation Correct Answer...

macroeconomics involves adding up the economic activity of all _____ and _______ in ___ marketshouseholds businesses all macroecon ______ the sum of microeconis not macro goals:econ growth low unemployment low inflation macro framework:aggregate demand/supply keynesian and neoclassical model

Macroeconomics The study of the economy as a whole, including inflation, growth and unemployment. Aggregate demand The total of all demands or expenditures in the economy at any given price. Aggregate demand curve Shows the relationship between the price level and equilibrium national income. As the price level rises the equilibrium level of national income falls. Animal spirits Business confidence: the mood of managers and owners of firms about the future of their indus...

What type of risk is unique to a specific industry, business enterprise, or investment type? - ANSWER-Nonsystematic risk Under which of the following circumstances is an investor in a position to acquire stock? - ANSWER-Buy a call, sell a call (The holder of a call has the right to buy stock at the strike price if exercised. The seller of a put is obligated to buy stock at the strike price if exercised) Options- a premium - ANSWER-the cost of an option contract, expressed in dollars per sh...

Macroeconomics - ANSWERSThe study of the economy as a whole, including inflation, growth and unemployment. Aggregate demand - ANSWERSThe total of all demands or expenditures in the economy at any given price. Aggregate demand curve - ANSWERSShows the relationship between the price level and equilibrium national income. As the price level rises the equilibrium level of national income falls. Animal spirits - ANSWERSBusiness confidence: the mood of managers and owners of firms about the f...

Summary of Macroeconomics for EOR book chapters