« previous next »

Author Question: Q: How many economists does it take to screw in a light bulb? A: None. If the light bulb really ... (Read 127 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
Q: How many economists does it take to screw in a light bulb? A: None. If the light bulb really needed changing, market forces would have already caused it to happen. This joke represents the view of
 
  A) classical economists.
  B) Keynesian economists.
  C) economists who conclude that money illusion is widespread.
  D) economists who conclude that wages and prices are inflexible.

Question 2

Which of the following would cause a change in the quantity demanded of a product?
 
  A) a higher price
  B) a higher income
  C) expectations of future price increases
  D) All of the above are correct.


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Vertical structuring of the oceans is associated with substantial variation in light and temperature Vertical structuring of the oceans is associated with substantial variation in light and temperature
The biochemical reactions of near-infrared light The biochemical reactions of near-infrared light
Air flows through the PCV valve during idle, cruising, and light-load conditions. Air flows through the PCV valve during idle, cruising, and light-load conditions.
Speed of Light in Different Mediums Speed of Light in Different Mediums
Light Blue Eye Color Light Blue Eye Color
Video: Muscular Dystrophy

For a complete list of videos, visit our video library