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Author Question: According to new classical economics, fiscal policy can change equilibrium real GDP only if it ... (Read 81 times)

lunatika

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

False

Answer to Question 2

c


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