please seriously to answer these questions. in the files have some questions, please answer these.
Unformatted Attachment Preview
Review Questions (Final Exam)
1. Why did the Great Stagflation present a huge problem to the Keynesian Theory? Why
could this theory not explain the phenomenon of stagflation?
2. Summarize Friedmans critique of managing aggregate demand to maintain full
3. How did Friedmans theory provide an explanation for the phenomenon of stagflation?
4. State the key proposition of Says Law. What insight does it contain regarding the nature
of human cooperation under a system of division of labor?
5. Using the insight provided by Says Law, explain the consequences of a significant
distortion of the structure of production relative to consumer preferences. How does
the initial crisis or cluster of errors snowball into a recession?
6. Explain the concept of the order of goods as used by the Austrian Economists. How
does this relate to the concept of stages of production?
7. Draw, label and explain the Hayekian Triangle. How does this diagram provide a concise
depiction of the process of production in a market economy?
8. Explain the process of inter-temporal coordination that takes place in response to an
increase of savings on the free market. In doing so, utilize the Hayekian Triangle, the
loanable funds market and the PPF.
9. What are the consequences of an artificial lowering of the interest rate by the central
bank in the Austrian framework? How does this lead to inter-temporal dis-coordination?
In doing so, utilize the Hayekian Triangle, the loanable funds market and the PPF.
10. When the cluster of entrepreneurial errors that result from an artificial lowering of the
interest rate are revealed, what, according to the Austrian School, is the best policy
response to minimize the length of the recession that will follow?
11. How does this policy response differ from those advanced by the Keynesians? What are
the theoretical differences that drive these differing policy recommendations?
Purchase answer to see full
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.