Discuss the following statement: When Keynes stated that in the long run, we are all dead he
Question:
Discuss the following statement: “When Keynes stated that ’in the long run, we are all dead’ he meant that we should focus only on the short run and not pay attention to any long-run consequences of our actions, since we will be dead by then and we therefore should not care.”
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The statement When Keynes stated that in the long run we are all dead he meant that we should focus ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
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...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Elfving Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 80,000 units per month is as follows: The normal...
-
Swiss Chocolate's U.S. division is experiencing an increase in demand for the month of October due to the upcoming holiday season. The following fact pattern forms the basis for the static budget:...
-
Find all points (x, y) where f (x, y) has a possible relative maximum or minimum. Then, use the second-derivative test to determine, if possible, the nature of f (x, y) at each of these points. If...
-
Describe the duties of healthcare organizations, the CEO, and medical staff.
-
The contractors project office is often structured to be compatible with the customers project office, sometimes on a one-to-one basis. Some customers view the contractors project organization merely...
-
Write code for the same thing exactly; send me the code so I can run it and send me the output. This is for engineers who understand networking and programming; if you are not one, kindly do not...
-
For each of the following products, state whether they are sold in a perfectly competitive market or in a monopolistically competitive market: a) Dairy products (e.g., milk, cheese, etc.) b) Cars
-
Using Table 8.1 (NBER business cycles), identify the longest and shortest expansion and contraction in the United States from December 1854 to November 2001. What are your thoughts about the...
-
What is meant by Web services?
-
Bronkhorstspruit and Pretoria West are suburbs of Pretoria. Many workers travel from Bronkhorstspruit and Pretoria West to Pretoria and Johannesburg daily using various, sometimes multible, modes of...
-
Suppose that the state of Mississippi sets a minimum market price for cotton. If the floor is set below the market equilibrium price of cotton, the floor will cause a surplus of cotton. Explain
-
Why isn't the whole world rich? In this chapter we could see that there are things that rich countries have in common and things that poor countries have in common.It would seem that the secret to...
-
A 13kg box slides up a 31m long incline at an angle of 30.0 degrees (relative to the horizontal). Once the box has made it to the top of the incline, how much gravitational potential energy did the...
-
Given Q= 100 - 2P + 0.02Y, where Q is the quantity demanded, P is the price and Y is the income and given P=20 and Y=5,000.Find the a) Price elasticity of demand b) Income elasticity of demand
-
If the Swiss franc depreciates against the U.S. dollars can a dollar buy more or fewer Swiss francs as a result?
-
Making use of the tables of atomic masses, find the velocity with which the products of the reaction B10 (n, ) Li7 come apart; the reaction proceeds via interaction of very slow neutrons with...
-
If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, are people more or less likely to but houses?
-
Interest rates were lower in the mid-1980s than they were in the late 1970s, yet many economisis have commented that real interest rates were actually much higher in the mid-1980s than in the late...
-
Explain why you would be more or less willing to buy a share of Microsoft stock in the following situations: a. Your wealth falls. b. You expect the stock to appreciate in value. c. The bond market...
-
Pick a very specific item of clothing (not shoes or sneakers, not handbags, not cosmetics) that you regularly purchase. Then identify six factors that would cause industry supply for that item to...
-
At the beginning of the year, Debion Company estimated the following: Overhead Direct labor hours $430,200 78,500 Debion uses normal costing and applies overhead on the basis of direct labor hours....
-
In the world of correctional administration, maintaining discipline and order is of paramount importance. One of the key tools at our disposal is the concept of progressive discipline for employee...
Study smarter with the SolutionInn App