Difference between classical and keynesianmonetary theories

Assignment Help Econometrics
Reference no: EM131086536

Which of the following statements is NOT a difference between the classical and Keynesianmonetary theories?

a) Keynes emphasized the role of the speculative demand for money, whereas classicaleconomists focused on the transactions demand.

b) Classical economists use the quantity theory channel, while Keynesians use the interestrate channel.

c) Keynesian analysis emphasizes the long run, whereas the classical economists focus onthe short run.

d) The classical approach says that monetary changes directly affect the price level,the Keynesian approach states that changes in money affect the economy only indirectlythrough changes in interest rates and investment.

Reference no: EM131086536

Questions Cloud

Hawthorne effect in management : Define the Hawthorne Effect in management Use simple and concise definition.
Australian charities and not-for-profits commission act : Australian charities and not for profit commission (ACNC) deals with such organisation and followings are some act and regulations regarding not for profit organization. Australian Charities and Not-for-profits Commission Act 2012
Is there an opportunity for beneficial exchange : Is there an opportunity for beneficial exchange?
Part of conceptual skills : Apple's CEO Steve Jobs' ability to identify new opportunities and mobilize managers and other resources to take advantage of those opportunities are considered part of his conceptual skills.
Difference between classical and keynesianmonetary theories : The classical approach says that monetary changes directly affect the price level,the Keynesian approach states that changes in money affect the economy only indirectlythrough changes in interest rates and investment.
Delivery service uses four small vans and six pickup trucks : Hector's Delivery Service uses four small vans and six pickup trucks to deliver small packages in the Char- lotte, North Carolina, metropolitan area. Hector spends a considerable amount of money on the gas, oil, and regular maintenance of his vehi..
What is the term used to describe an organization : What is the term used to describe an organization in which positions are awarded based on one's ability and skill?
Nearness of a solitary stereoscopic : While investigating a microbiological research center, an assessor noticed the nearness of a solitary stereoscopic magnifying instrument with a missing visual. Having checked on the research center's SOP for Total Coliform investigation before the..
Quality of work that he has delegated to subordinate : "A manager is of the view that he is not responsible for the quality of work that he has delegated to his subordinate". Do you agree with his view points? Justify your answer by giving arguments.

Reviews

Write a Review

Econometrics Questions & Answers

  How big will each firms accounting profit per unit be

A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, it's total cost would be $275.

  Calculate how much cash would sellers receive from selling

suppose that the professor imposes a price floor of $15 per book. Sellers are pleased because they think that they will be able to get more money this way. How to calculate how much cash would the sellers receive from selling their books now

  How much of each type of sugar will be purchased

It is common for supermarkets to carry both generic (store-label) and brand-name (producer-label) varieties of sugar and other products. Many consumers view these products as perfect substitutes, meaning that consumers are always willing to substi..

  What is this countrys unemployment rate

The number of people without jobs who had stopped looking for one, believing that there were no jobs out there for them, was about 80,000, which represented a fifth of those not in the labor force. Further, the number of people with jobs throughou..

  Develop an attitude of professional skepticism

Develop an attitude of professional skepticism

  Which pricing method does the producer prefer

Determine consumer surplus, producer surplus with a uniform price. Label these areas on the graph.

  What annual net revenue must each jet produce

Southwest Airlines (SWA) is planning to expand its fleet of jets to replace some old planes and to expand its routes. It has received a proposal from Boeing to purchase some old planes and to expand its router.

  Demand elasticity of a widget at the monopoly price is what

A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 - Q. The demand elasticity of a widget at the monopoly price and quantity is what

  Compute the initial equilibrium after only supply changes

Suppose that the demand function for apartments in a competitive market is initially D(p)=40-2p and there are 10 apartments. However, after observing how profitable it is to rent apartments, owners construct more houses

  How to use the midpoint method

In Smalltown, the price of Twinkies fell from $0.80 to $0.70. As a result the quantity demanded of HoHo's decreased from 120 to 100. What would be the appropriate elasticity to compute

  What is the composition of gdp by percentage

Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand.

  How to set up the banks balance sheet

Consider a bank that has assets of 100, capital of 20, and short-term credit of 80. Among the bank's assets are securitized assets whose value depends on the price of houses. These assets have a value of 50. Set up the bank's balance sheet.

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