Here is the synopsis of our sample research paper on Economics Keynesian Classical. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3 page paper responds to four questions. The first comments on the classical and Keynesian views of unemployment and government intervention; the second discusses policies supply-siders would advocate for economic stability; the third comments on money supply and employment and the last considers whether the extensive testing required by the FDA for new drugs should be eliminated. Bibliography lists 5 sources.
Page Count:
3 pages (~225 words per page)
File: MM12_PGecon4q.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
classical or neoclassical economist believes that there is full employment equilibrium only if the economy is left to its own devices (Biz/ed, Classical, 2005). The Keynesian, by contrast, would advocate
government intervention founded on the belief that it is the governments job to smooth out the bumps and potholes of the market (Biz/ed, Keynesians Beliefs, 2005). Thus, the
policies the Classical economist would advocate is simply non-intervention (Biz/ed, Classical, 2005) while the Keynesian economist would advocate policies that would manage the level of demand in the market (Biz/ed,
Keynesians, 2005; Biz/ed,), i.e., demand-management policies (Biz/ed, Keynesians, 2005). Classical economists believe it would be prices would be adjusted and this would restore the balance (Biz/ed, Classical, 2005). They also
believe that if wages were adjusted downward, companies could hire more people and thus employment equilibrium is once again achieved (Biz/ed, Classical, 2005). 2. To supply-siders, the key to
any economic stabilization is managing aggregate supply. What kinds of policy do they advocate and what outcomes do they expect to achieve? Supply-side economics emphasize the importance of business incentives
and tax cuts to increase the economy (Wikipedia, 2005). The belief is that both individuals and businesses will use their money to make purchases, therefore, stimulating the economy (Wikipedia, 2005).
The focus is on the supply side of the equation, production and supply, the demand will follow (Wikipedia, 2005). The types of policies supply-siders advocate are those that greatly reduce
"marginal capital gains tax rates" (Wikipedia, 2005). The expected outcomes are: more investments leading to more aggregate supply (Wikipedia, 2005). This, in turn, would result in "lower inflationary price pressures"
(Wikipedia, 2005). supply-siders view this policy as being the appropriate one to deal with inflation (Wikipedia, 2005). 3. "The Fed should simply increase the money supply at the same
...