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Author Question: New classical economists a. accept the monetarist notion that markets are perfectly competitive ... (Read 101 times)

jwb375

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on: Jun 30, 2018
New classical economists
 
  a. accept the monetarist notion that markets are perfectly competitive except for a lack of perfect information.
  b. do accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment.
  c. accept the difference between the short-run and long- run results in the Keynesian analysis of the effects of aggregate demand on output and employment, but not in the monetarist analysis.
  d. accept the difference between the short-run and long-run results in the monetarist analysis of the effects of aggregate demand on output and employment, but not in the Keynesian analysis.
  e. Both a and b

Question 2

The condition, MRSC,C' = 1 + r, describes the representative consumer's
 
  A) investment decision.
  B) consumption - savings decision.
  C) current period work - leisure decision.
  D) future period work - leisure decision.


Shshxj

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

B


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