occupychristmas.org: Keynesian"s believe that the accumulation supply curve is relatively flat at low levels of production or output, the reason for this is the in the short run once level output is low and also unemployment is high, producers will certainly not should pay high labor prices to rise production and other input costs will also be low. During an financial depression that company will have the right to increase their calculation without enhancing prices. Additionally production have the right to be boosted without extra expenses such as machines etc as there will be idle machines.
You are watching: An important difference between the classical model and the keynesian model is that the
Explanation: The classical model assumes prices space flexible and follow the market, so the the accumulation supply curve is Vertical and the economic climate is constantly at complete employment or at its potential. This way that whenever output rises input costs and prices will increase and also will be functional downwards together well.
The Keynesian model suggests that the economic climate will uncover an equilibrium however the economic climate will not always at complete employment
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Bob"s ideal friend Mike transforms 25 following week. Bob determined to acquisition Mike a tablet computer device/e-book reader as a present. Because Bob
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Suppose the at Miles"s present level that consumption, his marginal utility from a pizza is 10 utils, and his marginal energy fr
Miles is no maximizing his complete utility.
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In computing the weighted-average number of shares outstanding throughout the year, i m sorry of the followingmidyear occasions must be tre
occupychristmas.org: choice A
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From Disposable Income, ___________________ (the C in the expenditures version used to calculate GDP) is subtracted to come at P
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