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Author Question: Consider the two graphs above. Suppose that final goods are assembled only when ordered and to ... (Read 51 times)

lracut11

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on: Jun 30, 2018
Consider the two graphs above. Suppose that final goods are assembled only when ordered and to satisfy the precise preferences of each consumer. This would ________ the desired level of inventories, as depicted in graph ________.
 
  A) increase; B
  B) increase; A
  C) decrease; B
  D) decrease; A

Question 2

Expectations are adaptive in ________.
 
  A) traditional Keynesian models
  B) the Lucas Model
  C) new Keynesian theory
  D) the real business cycle model


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cupcake16

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

B

Answer to Question 2

A


lracut11

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

patma1981

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Reply 3 on: Yesterday
Excellent

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