Question

QUESTION 1 _______________________ are economists who generally emphasize the importance of aggregate supply in determining the size of the macroeconomy over the _____________. Keynesian economists; long run Keynesian economists; short run Neoclassical economists; long run Neoclassical economists; short run 1 points QUESTION 2 The GDP deflator is a price index that includes the following components of GDP:

Answer 1

1) Neoclassical economists : long run

2) consumption, investment, government plus exports minus imports

Step-by-step explanation:

Neoclassical economists believe in maximizing personal satisfaction, the term has been used since 1900. Alfred Marshall is known as the father of neoclassicism. Neoclassical economists focus on income distribution, and supply and demand. According to them , individuals make purchasing decision based only on how much utility they can obtain from consuming a product or service.

The GDP deflator uses the same components as the GDP.