Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
Reason for your “False” answers (specify the question number and a brief explanation below):
12 true/false [5 pts. plus 2 pt. bonus]
1. The aggregate supply (AS) – aggregate demand (AD) model can be used to analyze short run economic events, but not long run changes.
2. According to the quantity theory of money, if the money supply is $3 trillion, the price level is 1.5 and the velocity is 2, then the level of real (or aggregate) output is $6 trillion.
3. If we expect future inflation, the short run AS will increase.
4. When shifts occur to the short run AS there is no self-correcting mechanism that will restore long run equilibrium.
5. Keynesian views on managing aggregate demand broke down during the economic instability that occurred in the 1970s.
6. The founder of the monetarist school of thought was Milton Friedman.
7. While there are differences between the two schools of thought, both Keynesians and monetarists believe that we should first use fiscal policies to stabilize an economy.
8. According to Friedman, Keynes argued that the most insidious way to destroy a nation is to destroy its money.
9. Friedman contends that Keynes was a bad influence on the intellectual climate by arguing for government to solve all our problems.
10. If we follow Laura Tyson’s advice, we should be saving less of our income at least in the short run.
11. According the posting on HansEconomics, there is a perfectly logical explanation of business cycles and that is Austrian economics.
12. It was Robert Higgs who proposed that the length of the Great Depression was due to “regime uncertainty.”
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more