According to the classical view of business cycles

Assignment Help Business Economics
Reference no: EM131001867

According to the Classical view of business cycles: A. it would be strange if fluctuations did not occur when individuals are free to decide what they want to do. B. expansions and contractions are symptoms of underlying problems in the economy. C. fluctuations in economic activity can and should be controlled. D. individuals will anticipate Government's reaction to a fluctuation and work with Government to smooth out the fluctuation.

Reference no: EM131001867

Questions Cloud

Determine the present value of the stream : An owner can lease her building for $120,000 per year for three years. The explicit cost of maintaining the building is $40,000, and the implicit cost is $55,000. All revenues are received, and costs borne, at the end of each year. If the interest ra..
For several decades the labor force participation rate : For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant could rising wage rates of women explain both phenomena? Explain.
Calculate the equilibrium price-firm output-total output : All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 + 40q. Market demand is Q(p) = 140 − p. Calculate the equilibrium price, firm output, total output, and number of firms in the industry.
Substantially more foreign money is invested : If the price of housing (which accounts for roughly 40% of total expenditures in the CPI basket) rises by 15% in one year while the prices of all other goods rises by 25%, by how much will the CPI rise by given this information? If substantially more..
According to the classical view of business cycles : According to the Classical view of business cycles:
Nominal GDP accompanied by a decrease in real GDP : An increase in nominal GDP accompanied by a decrease in real GDP: A. is impossible. B. implies that the price level in the economy fell. C. implies that the price level in the economy rose. D. implies that the price level in the economy remained the ..
Keynesians would likely agree that : Keynesians would likely agree that: A. all unemployment is frictional unemployment. B. if a person isn't working, that's his or her own choice. C. structural and cyclical unemployment are more common than frictional unemployment. D. unemployment is i..
National income would no longer equal GDP : If a firm sold $700 worth of goods which cost $1,000 to produce: A. national income would no longer equal GDP. B. the firm's loss needs to be subtracted from final sales so that income and output are still equal. C. the firm's loss would not be added..
National income is comprised-are expenditures on capital : What is not included in GDP for the United States but is included in GNP for the United States? National Income is comprised of: Are expenditures on capital and equipment are counted as part of GDP? Given nominal GDP of $4.2 trillion and a GDP deflat..

Reviews

Write a Review

Business Economics Questions & Answers

  Explain how will the market restrain economic freedom

Explain how will the market restrain economic freedom. Explain how will society produce goods and services at lowest cost.

  What is an individual depositor payoff when he withdraws

What is an individual depositor'spayoff when he withdraws at t = 2 as a function of the number of remaining depositors who withdrew at t = 1?

  Demand function of the good

Given that the demand function of the good Z; Assuming that Pz=10, Ps=40 and Y =950, what is the price elasticity of demand of good Z if Pz increases to $20?  Assuming that Pz=10, Ps=40 and Y=950, what is the income elasticity when Y increases to $11..

  Illustrate can the oligopoly market structure make profit

Illustrate can the oligopoly market structure make profit for both consumers and businesses by forging common standards in industries that experience rapid technological change.

  Excellent predictor of ice cream sales in linear regression

A local ice cream shop in a beautiful Miami beach realizes that its ice cream sales go up along with the number of shark attacks. Assume you are the owner of the shop and you realize that shark attack can be an excellent predictor of ice cream sales ..

  Describe the concept of opportunity cost with example

Describe the concept of opportunity cost with example. What would be your opportunity cost of taking on-line classes to get a degree at your University as compared to taking classes at traditional day schools at your University?

  Structural engineering design section

The structural engineering design section within the engineering department of a regional electrical utility corporation has developed several standard designs for a group of similar transmission line towers. The detailed design for each tower is bas..

  Certainly there is a market for violent gaming

Certainly there is a market for violent gaming, but I wonder if there is an ethical line that companies chose not to cross. For example, there are presently several games on the market that allow players to rape women. And then there is the issue of ..

  Use calculated elasticity to comment on substitutability

Canada increased from 7,500 kg per month to 8,000 kg per month. Use calculated elasticity to comment on substitutability or complementarity of coffee and tea

  Differences between shortages and scarcity

Describe the differences between shortages and scarcity. In answering this question you should think difference between the short run and the long run in economic analysis.

  Marginal social cost of education-marginal private benefit

Consider the market for education. The marginal social cost of education (MSC) and the marginal private benefit of education (MPB) are given by the following equations where Q is the number of units of education provided per year. MSC = 10 + Q. Suppo..

  Plans to deposit-retirement account

Brad will graduate next year. When he begins working, he plans to deposit $3,500 at the end of each year into a retirement account that pays 5% interest. How much will be in his account after 40 deposits?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd