Exam 13: Macroeconomic Models:a Summary

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Compare theories of money demand across classically-based (classical,monetarist,new classical,real business cycle)models and Keynesian-based (Keynesian,IS-LM,new Keynesian)models.

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Question 21

What do each of the major modern macroeconomic theories predict will happen to the price level during recessions? What do they predict will happen to real wages during recessions? Explain your answer for each model.

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Question 22

Which of the following theories favor(s)a simple money growth rate rule?

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Question 23

Keynesians and monetarists share the belief that

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Question 24

According to the new classical view,changes in aggregate demand

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Question 25

Which of the following models do not believe that there exists a short run tradeoff between higher inflation and lower unemployment?

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Question 26

Which of the following economic theories share(s)the noninterventionist policy conclusions of the original classical theory?

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Question 27

Which of the following models argue that active stabilization policy can be beneficial?

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Question 28

Assuming that there is an excess supply of money in the classical model,then

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Question 29

Discuss the slope of the aggregate supply curve in the majors models discussed in the previous chapters.Why are they shaped as they are? What shifts aggregate supply in these models?

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Question 30

Which of the following statements is correct?

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Question 31

Which of the following statements is correct with respect to the debate between the Keynesians and new classical economists?

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Question 32

According to the monetarists and new classical economists,

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Question 33

The Keynesian model agrees with monetarists and new classical models about the fact that

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Question 34

What theories argue that fluctuations in output are determined by aggregate demand? Discuss the role of monetary policy in each of these models.

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Question 35

The aggregate supply curve

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Question 36

The degree to which monetary forces are the cause of aggregate demand instability is the major controversy between

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Question 37

Which of the following is the most likely cause of a recession according to classical and new classical models?

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Question 38

Imperfect information is a critical assumption in the

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Question 39

The classically-based models (classical,new classical,monetarist,real business cycle)all agree that

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Question 40

Showing 21 - 40 of 47

Compare theories of money demand across classically-based (classical,monetarist,new classical,real business cycle)models and Keynesian-based (Keynesian,IS-LM,new Keynesian)models.

What do each of the major modern macroeconomic theories predict will happen to the price level during recessions? What do they predict will happen to real wages during recessions? Explain your answer for each model.

Which of the following theories favor(s)a simple money growth rate rule?

Keynesians and monetarists share the belief that

According to the new classical view,changes in aggregate demand

Which of the following models do not believe that there exists a short run tradeoff between higher inflation and lower unemployment?

Which of the following economic theories share(s)the noninterventionist policy conclusions of the original classical theory?

Which of the following models argue that active stabilization policy can be beneficial?

Assuming that there is an excess supply of money in the classical model,then

Discuss the slope of the aggregate supply curve in the majors models discussed in the previous chapters.Why are they shaped as they are? What shifts aggregate supply in these models?

Which of the following statements is correct?

Which of the following statements is correct with respect to the debate between the Keynesians and new classical economists?

According to the monetarists and new classical economists,

The Keynesian model agrees with monetarists and new classical models about the fact that

What theories argue that fluctuations in output are determined by aggregate demand? Discuss the role of monetary policy in each of these models.

The aggregate supply curve

The degree to which monetary forces are the cause of aggregate demand instability is the major controversy between

Which of the following is the most likely cause of a recession according to classical and new classical models?

Imperfect information is a critical assumption in the

The classically-based models (classical,new classical,monetarist,real business cycle)all agree that

Introduction

Measurement of Macroeconomic Variables

Classical Macroeconomics I: Output and Employment

Classical Macroeconomics II: Money,prices,and Interest

Keynesian System I: the Role of Aggregate Demand

Keynesian System II: Money,interest,and Income

Keynesian System III: Policy Effects in the Is-Lm Model

Keynesian System Iv: Aggregate Supply and Demand

The Monetarist Counterrevolution

Output,inflation,and Unemployment: Alternative Views

New Classical Economics

Real Business Cycles and New Keynesian Economics

Exchange Rates and the International Monetary System

Monetary and Fiscal Policy in the Open Economy

Money,the Banking System,and Interest Rates

Optimal Monetary Policy

Fiscal Policy

Policies for Intermediate-Run Growth

Long-Run Economic Growth: Origins of the Wealth of Nations

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