This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to the new Keynesians: a. prices adjust to equate demand and supply in every market ... (Read 323 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
According to the new Keynesians:
 a. prices adjust to equate demand and supply in every market simultaneously.
  b. random variations in the money supply are the original source of economic fluctuations.
  c. unemployment is voluntary.
  d. aggregate supply shocks can be a prime source of economic instability.
  e. government policy cannot stabilize the economy.

Question 2

Which of the following is associated with a more elastic demand curve?
 a. availability of many close substitutes
 b. a greater amount of time for consumers to respond to a price change
  c. a large percentage of income spent on the good in question
 d. all of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


stock

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Jun 30, 2018
Thank you :)


Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ... Hang the canister from the vehicle’s hood and adjust the air pressure regulator to full OPEN ...
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
Adjust your focus "microscope" Adjust your focus "microscope"
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Video: Polysaccharides

For a complete list of videos, visit our video library