Keynes theory and expectations, Microeconomics

Assignment Help:

Expectations played a major role in Keynes' theory of the determination of aggregat output and employment in market economies in the short run. Expectations about future yields on investment projects underlie 'the marginal efficiency of capital' schedule However, the volatile nature of these expectations plays a major role in explaining why investment expenditure and therefore output and employment in miarket econornies are subject to fluctuations.


Related Discussions:- Keynes theory and expectations

Recent development of demand theory, RECENT DEVELOPMENT OF DEMAND THEORY: ...

RECENT DEVELOPMENT OF DEMAND THEORY:  The basic theory of consumer behaviour discussed in the previous unit can be extended in many directions, and can be applied to cover opt

Application on infifference curve , i want an application on indifference c...

i want an application on indifference curve of a specific firm? can i get it easily?

Working with supply and demand , When you drop by the only coffee shop in y...

When you drop by the only coffee shop in your neighbourhood, you notice that the price of a cup of coffee has enhanced  considerably since last week.  You decide it's not a big dea

Determinant of price elasticity of supply, Assume there is a remote area in...

Assume there is a remote area in china with high population.The area is composed exclusively of apartments and is populated by low-income residents .The people tend to stay in that

Aggregate supply, Aggregate Supply When referred to in the circumstanc...

Aggregate Supply When referred to in the circumstance of GNP or GDP, aggregate supply refers to the labor and capital needs to proceeds the level of products and services need

Analyse the possible effects of speculation on exchange rate, Analyse the p...

Analyse the possible effects of speculation on exchange rates. Definition of speculation in currencies as betting on the appreciation/depreciation of a given currency. E

What is economics about, What is economics about? Economics: Economi...

What is economics about? Economics: Economics is a social science which studies individuals’ economic behavior, economic phenomenon, ands also how individual agents, as like

Marginal product of every of the two inputs, (Cost minimization) a)  Wh...

(Cost minimization) a)  What are the expressions for the marginal product of every of the two inputs in producing credit hours? b)  What is the expression for the marginal r

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