Describe classical model of macroeconomics, Macroeconomics

Assignment Help:

Q. Describe classical model of macroeconomics?

Though we use the term ‘the classical model' as if there were just one classical model, this isn't quite true. For all the models we discuss, there are many variations. Though the similarities between, for instance, all the classical models are great enough to warrant expression ‘the classical model'.

However you need to keep this in mind. If you look up the ‘IS-LM model' in different text books you will probably see different models though the main predictions from the models do tend to be the same.


Related Discussions:- Describe classical model of macroeconomics

Neoclassical theory, Do neoclassical economists view prices and wages as st...

Do neoclassical economists view prices and wages as stickly or flexible

State the term national income statistics, State the term National income s...

State the term National income statistics National income statistics underestimate the true level of economic activity, and as people's living standards, because the non-moneti

Grocery store manager, A grocery store manager would like to have an idea c...

A grocery store manager would like to have an idea concerning the average amount milk the store sells per day. In a sample of 70 days, the average amount number of gallons sold was

Trade unions, what reasons limit the bargaining power of trade union in dev...

what reasons limit the bargaining power of trade union in developing countries

Producer equilibrium, If the MPPL/ MPPK in the production of a good are les...

If the MPPL/ MPPK in the production of a good are less than w/r, why is the produce not in producer equilibrium? Explain how, with no change in budget size for the firm and with th

Describe endogenous growth theory, Q. Describe Endogenous growth theory? ...

Q. Describe Endogenous growth theory? Endogenous growth theory or new growth theory was developed in the 1980s by Paul Romer and others. In neo-classical model, technological p

??, If the U.S. government were willing to convert dollars into gold at a f...

If the U.S. government were willing to convert dollars into gold at a fixed price, then dollars would be a. fiat money. b. commodity money. c. bank money. d. both fiat and

Analyse the effects of oil price, As previously stated, the aim of the pape...

As previously stated, the aim of the paper is to observe and analyse the effects of oil price shocks on key macroeconomic indicators in the UK economy. From this the aim is to conc

Trade-off between equity and efficiency, Explain the trade-off between equi...

Explain the trade-off between equity and efficiency. Identify how individuals and organizations are likely to change their behavior as a result of government actions.

State the both overnight target rates and inflation, Overnight target rates...

Overnight target rates and inflation One of the main targets of every central bank is a low and stable inflation. It's main control variable is the overnight interest rate targ

Write Your Message!

Captcha
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