Keynesian response to japanese stagnation
Problem: Please explain how do Keynesian and Real Business Cycle economists differ on the right response to Japanese stagnation? On what sorts of issues might they be able to agree?
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Please explain how do Keynesian and Real Business Cycle economists differ on the right response to Japanese stagnation? On what sorts of issues might they be able to agree?
Please explain why after such unprecedented economic growth, technical advance, and expansion of the size and scope of government since the 1930's do economies still experience economic cycles and stagnation.
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sing the Basic Trade Model, illustrate the distinct terms-of-trade effects of (i) import-biased growth in country A and (ii) export-biased growth in country A. All else equal, which kind of growth would the government of A like to foster if it see
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