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Use the Keynesian cross to
3. Write a short description on the principles and implications of the schools of thought in
Macroeconomics: Classical,
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What makes Keynesian economics different from the other macroeconomic theories you learned about in this unit?(1 point)
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Explain the central tenants of Keynesian economics.(1 point)
Responses In Keynesian economics, the emphasis is on the
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bob
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Use the Keynesian cross to explain why fiscal policy has a multiplied effect on national income?
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The Three Economic Questions Quick Check%0D%0A5 of 55 of 5 Items%0D%0A%0D%0AQuestion%0D%0AExplain the central tenants of
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What makes Keynesian economics different from the other macroeconomic theories you learned about in this unit?(1 point)
Responses
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During economic recessions, Keynesian economists prescribe to the theory that the national government should increase its
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Suppose that the consumption function is C=100+.8(y-t). Initially investment and government expendtures are I=75 and G=150 and
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Jonathan
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Explain the central tenants of Keynesian economics.
a In Keynesian economics, the government should not influence the economy
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2. In the Keynesian cross, assume that the consumption function is given by
𝑪 = 𝟐𝟎𝟎 + 𝟎. 𝟕𝟓 (𝒀 − 𝑻)
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