Question: Keynesian economists were fine tuning the econ omy during the 1960s
Keynesian economists were fine-tuning the econ omy during the 1960s but found their policies ineffectual in the 1970s. Why?
Answer to relevant Questions"The key to any economic stabilization is man aging aggregate demand." Keynesians and neo Keynesians would agree with that statement, even though they see quite different outcomes stemming from such management. Discuss. "The Fed should just increase the money supply at the same rate that the full-employment econ omy grows, and the government should desist from any stabilizing urges." What school of thought would make such a suggestion, and ...Why is some of the federal government's spending on agriculture considered a transfer payment? Unlike direct income taxes and sales taxes, social security taxes are earmarked. What does that mean? Admitting all exceptions to the rule, the rule is that free trade benefits all nations. Make the case.
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