How do these cycles violate Says law? What would a conservative economist say about how the economy
Question:
How do these cycles violate Say’s law? What would a conservative economist say about how the economy readjusts? Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
Says Law named after the French economist JeanBaptiste Say states that supply creates its own demand In other words the act of producing goods and ser...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
Question Posted:
Students also viewed these Business questions
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
Why economists disagree: because they evaluate the impact of policy over different lengths of time because they make different assumptions because they have different theories about how the economy...
-
Alert Security Services Co. offers security services to business clients. The trial balance for Alert Security Services Co. has been prepared on the following end-of-period spreadsheet for the year...
-
Bonanza Brothers Inc. purchased land at a price of $27,000. Closing costs were $1,400. An old building was removed at a cost of $12,200. What amount should be recorded as the cost of the land?
-
What are the agents of mechanical weathering
-
This case stems from a rocky relationship between two Texans. Lawrence Shipley was the president of Shipley Do-Nut Flour & Supply Co., and Andrea Vasquez was a substitute school teacher in the...
-
Virginia Tech operates its own power generating plant. The electricity generated by this plant supplies power to the university and to local businesses and residences in the Blacksburg area. The...
-
Problem 4. For the 2-point BVP: -u" (x) + 4u - sin(u)=0 on 0 x 1 with u(0)=u(1)=0. i) (1 point) Write down the main procedures of the shooting method for the BVP with the unknown parameter u'(0)=a,...
-
Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $110,000 and Keon transferred an acre of undeveloped land to...
-
If Says law holds, should the government try to smooth the effects of a boom and bust? Why or why not?
-
What are three main characteristics of the capitalist economy that make possible cycles of boom and bust?
-
Twin Oaks Hospital is a privately owned facility that serves Lexington, Colorado (population approximately 250,000). The 100-bed hospital has a staff of 350 employees, including over 200 nurses and...
-
Consider the geometric sequence (a) Write down the first term, and the common ratio r. (b) Find the 10 term of the sequence. (c) Find the sum of the first 10 terms. (d) Express the general term u, in...
-
On August 15, 2020, Mr. Neji, sold 500 square meter residential land for P350, 000. The land was acquired in 1999 for P200, 000 and classified as capital asset. On the date of sale the fair market...
-
calculate Net sales, Gross profit, SG&A expenses ,expenses decreased , ROA ROE Format: Quarterly Quarterly Data | Millions of US $ except per share data Revenue Cost Of Goods Sold Gross Profit...
-
Information on Gerken Power Co., is shown below. Assume the company's tax rate is 38%. Debt: 8,800 8.1% coupon bonds outstanding, $1,000 par value, selling for 103.5% of par, and YTM OF 7.7%. Common...
-
Explain at least two of the following terms in your own words, providing real-world examples, and indicate whether they should be incorporated into project cash flow calculations. 1) SUNK COSTS 2)...
-
Does changing the order in which we allocate the costs of support activities matter under the step down method? Does it matter for the direct or reciprocal methods?
-
6 (a) Briefly develop a mathematical model of the behaviour of a copper-twisted pair cable (b) Derive the magnetic energy from: w given that: K + w, where the - - k symbols have their usual meaning...
-
What is meant by tax allocation within a period? What is the justification for such practice?
-
When does tax allocation within a period become necessary? How should this allocation be handled?
-
During 2004, Natsume Sozeki Company earned income of $1,000,000 before income taxes and realized a gain of $450,000 on a government-forced condemnation sale of a division plant facility. The income...
-
Prepare the 2023 classified Statement of Financial Position in good format. Fix all errors in classification, terminology, and numbers. Do not simply rewrite the poor-quality balance sheet above....
-
How does business analytics differ from data engineering and business intelligence? give details and refrences
-
Complete the 8 questions for Review Session 1.1 Quick Check from the textbook by typing your responses here in the dropbox or as a Word document. How are chart sheets different from worksheets? What...
Study smarter with the SolutionInn App