The Keynesian model focuses more on short-term fluctuations caused by business cycles and the neoclassical model focuses more on short-term fluctuations caused by business cycles.
Neoclassical economics is long-term oriented. Key policies include: Governments should focus on keeping long-term growth and inflation under control, rather than worrying about a recession or cyclical unemployment.
Aggregate demand is a useful tool for controlling inflation.
The Keynesian model focuses on using aggressive government policies to manage aggregate demand and combat or prevent recessions. Keynes developed his theory in response to the Great Depression and was highly critical of early economic theory, which he called classical economics.
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Answer:
The correct answer is A. A successful firm will stake out a position unique in some manner from its rivals.
Explanation:
A competitive advantage is any characteristic of a company, country or person that differentiates it from others by placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.
The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographical location or high barriers to entry, which can be enhanced if we have a product that is hardly imitable Or we have a great brand.
Safety and liquidity. Liquidity means the ability to use it at a moments notice and if saved that is possible whereas if invested that may not always be the case. If invested you won’t be able to use the funds immediately or at least you aren’t guaranteed that you can without a delay. The other imp reason is safety. If you save your money it is safe and retains its value but if invested it’s value can fluctuate which you tolerate and expect in the hopes that over time it will earn you more money.
Answer:
False
Explanation:
Although the first part of the statement correctly describes the law of supply as an inverse relationship between the price of good/service and the quantity suppliers would supply (given a particular price), the second part is false.
Height of the supply curve indicates a minimum price that would incentivize suppliers to start creating a particular good. The notion of customers and purchase is related to the demand curve, not supply.
Answer:
Jarrod exclude from his gross income of $13,500
Explanation:
The following items which are excluded from the gross income are:
1. Tuition = $12,000
2. Books and supplies = $1,500
The total amount would be equal to
= $12,000 + $1,500
= $13,500
These items would be excluded because the deduction is allowed for these items. Whereas, the room and personal expenses are taxable. Hence, it would be included in the gross income
