Author: Anonymous

Neoclassicals believe officials know how to tweak aggregate demand appropriately to solve economic problems.

In a number of middle to low-income economies around the world, governments may run an expansionary policy of huge and sustained budget deficits. This policy

What name is given to an exchange rate policy where the government usually allows the exchange rate to be set by the market, but in some cases the central bank will intervene?

Why don’t we use barter as the main mechanism of a modern, advanced economy?

Neoclassical economists believe that _________ in the long run will increase potential GDP, which will end up determining  ____________________.

When studying the financial health of a bank or other entity, what do we call it when we add up all of its assets and then subtract all of its liabilities?

Chris and Jenny paid $275,000 for their house in 2000 and sold it for $425,000 in 2007. What function did the house serve during the time they owned it?

If Sam builds a shed for Lilly in exchange for her doing his taxes, then their _________________________ will be satisfied.

Keynsesian economists believe that:

Japan’s central bank has raised its reserve requirement from 11% to 13%. If MUFG Bank (Japan’s largest bank) finds it’s not holding enough to meet the new stricter requirement, then it will likely