« previous next »

Author Question: According to new classical economics, fiscal policy can change equilibrium real GDP only if it ... (Read 43 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
According to new classical economics, fiscal policy can change equilibrium real GDP only if it changes the price level or one of the determinants of aggregate supply, and people expect this change.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following pairs of goods would most likely exhibit a cross price elasticity of 2.2?
 a. hamburgers and fries
 b. peanut butter and jelly
 c. butter and margarine
 d. tennis balls and tennis rackets


fraziera112

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

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?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Climate change is an important vector for human diseases Climate change is an important vector for human diseases
A Change of Heart A Change of Heart
Barenboim's study show the change in children's descriptions of their peers Barenboim's study show the change in children's descriptions of their peers
Economics question Economics question
Economics question Economics question
Economics question Economics question
Video: Role of transport in a cell

For a complete list of videos, visit our video library