Answer to Question #56893 in Macroeconomics for Tom

Question #56893

What Marx called “underconsumption” is very similar to Keynes’ concept of
a. inadequate aggregate demand.
b. inadequate aggregate supply.
c. lack of productivity.
d. demand-pull inflation.
e. both b) and d) are correct.

Expert's answer

a. inadequate aggregate demand.

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Consider the aggregate demand & aggregate supply model with three ranges. In which range will a
2. Derive the demand for labor if the production function is given by f(L)=L^0.5 . Illustrate the lab
3. if the change would lead to an increase or decrease in the equilibrium level of output. . Plann
4. suppose Mr.Y deposits AED 100.000 into a one-year certificate of deposit at 5% interest.the central
5. How does the Michigan Consumer Sentiment Index affect the bond market and foreign exchange?
6. an open macroeconomic model for a hypothetical economy is represented as follows Y=Co+Io+Go+Xo-Mo,
7. You are given the following information about the commodity and money markets of a closed economy wi