« previous next »

Author Question: New classical economics assumes that government has direct control over the equilibrium level of GDP ... (Read 20 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
New classical economics assumes that government has direct control over the equilibrium level of GDP and indirect control over the money supply.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Two goods are considered substitutes when the cross elasticity of demand is ___ and complements when the cross elasticity of demand is ___.
 a. Greater than zero, less than zero.
  b. Less than zero, greater than zero.
  c. Greater than one, less than one.
  d. Less than one, greater than one.


smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Implications for infection control Implications for infection control
Control of Extinction Control of Extinction
In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai In 2013, Americans learned that the federal government massively surveys their phone calls and e-mai
Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ... Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ...
Flow cytometry. Cells expressing the surface markers CD4, CD8, and CD3 are labeled in a direct ... Flow cytometry. Cells expressing the surface markers CD4, CD8, and CD3 are labeled in a direct ...
Classical Conditioning and Food Classical Conditioning and Food
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library