The new classical school of thought is usually associated with ...

[strangeaffliction]

The new classical school of thought is usually associated with the theory of rational expectations.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the cross elasticity of demand coefficient for potato chips and pretzels equals 1.5:
 a. potato chips and pretzels must both be inferior goods.
  b. potato chips and pretzels must both be normal goods.
  c. potato chips and pretzels must be substitutes.
 d. potato chips and pretzels must be complements.

[CourtneyCNorton]

Answer to Question 1

True

Answer to Question 2

c