'Keynesians' diaporamas de présentation

CHAPTER 17: The Business Cycle

CHAPTER 17: The Business Cycle.

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Rational Expectations and the New Keynesian Model

Rational Expectations and the New Keynesian Model. After World War II, economists, argued that government intervention could be used to influence employment and output and could reduce the amplitude of the business cycle without creating inflation.

2.01k views • 33 slides

Session 2: Cost of Living and Inflation Measurement in Lebanon

747 views • 30 slides

Fiscal Policy and the Business Cycle

Fiscal Policy and the Business Cycle. Changes in the AS/AD curves cause actual real GNP to swing around natural real GNP. That is, the business cycles tends to move from recession to boom and back again.

277 views • 26 slides

Chapter 11 Keynesianism: The Macroeconomics of Wage and Price Rigidity

Chapter 11 Keynesianism: The Macroeconomics of Wage and Price Rigidity. I. Real-Wage Rigidity (Sec. 11.1). A) Wage rigidity is important in explaining unemployment 1. In the classical model, unemployment is due to mismatches 2. Keynesians :recessions lead to substantial cyclical employment

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Heterodox vs Orthodox economics

NON-ORTHODOX PARADIGM HETERODOX PARADIGM POST-CLASSICAL PARADIGM RADICAL POLITICAL ECONOMY REVIVAL OF POLITICAL ECONOMY. ORTHODOX PARADIGM DOMINANT PARADIGM THE MAINSTREAM NEOCLASSICAL ECONOMICS. Heterodox vs Orthodox economics. HETERODOX PARADIGM. POST KEYNESIANS MONEY, UNCERTAINTY

423 views • 10 slides

Heterodox vs Orthodox economics

NON-ORTHODOX PARADIGM HETERODOX PARADIGM POST-CLASSICAL PARADIGM RADICAL POLITICAL ECONOMY REVIVAL OF POLITICAL ECONOMY. ORTHODOX PARADIGM DOMINANT PARADIGM THE MAINSTREAM NEOCLASSICAL ECONOMICS. Heterodox vs Orthodox economics. HETERODOX PARADIGM. POST KEYNESIANS MONEY, UNCERTAINTY

227 views • 10 slides

Lesson 17-2 Keynesian Economics in the 1960s and 1970s

Lesson 17-2 Keynesian Economics in the 1960s and 1970s. Expansionary Policy in the 1960s Correcting a Recessionary Gap Kennedy proposed expansionary fiscal policy for the first time in U.S. history in 1961 and the Fed followed with expansionary monetary policy.

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Praxeology

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Political Parties, Elections, Interest Groups: Input Function in American Politics

Political Parties, Elections, Interest Groups: Input Function in American Politics. Comparative Politics. Characteristics of U.S.Political Parties. Two party system (Democrats and Republicans regularly get 75% or more of the vote in elections)

209 views • 8 slides