Questions from General Economics


Q: If the quantity of money supplied exceeds the quantity of money demanded

If the quantity of money supplied exceeds the quantity of money demanded then what can you say about the current rate of interest and what bankers will likely do with the interest rates they charge? W...

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Q: Why would a Monetarist advocate a balanced budget amendment to the constitution

Why would a Monetarist advocate a balanced budget amendment to the constitution?

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Q: Why are Monetarists sometimes called new or neo-Classicalists?

Why are Monetarists sometimes called new or neo-Classicalists?

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Q: What is the classical approach to a recession? Answer

What is the classical approach to a recession?

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Q: What is the Keynesian approach to a recession? Answer

What is the Keynesian approach to a recession?

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Q: What is the classical approach to inflation? Answer:

What is the classical approach to inflation?

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Q: Why isn't money a resource? Answer:

Why isn't money a resource?

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Q: Respond to the following statement: "Theories are of no use

Respond to the following statement: "Theories are of no use to me because they are not very practical. All I need are the facts because they speak for themselves."

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Q: Some economists argue that the American Medical Association and the American Bar

Some economists argue that the American Medical Association and the American Bar Association create an effect on labor markets similar to that of a labor union. Do you agree?

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Q: Does economics help to teach us how to approach problems, or

Does economics help to teach us how to approach problems, or does it provide us with a set of answers to problems?

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