Q: How many economists does it take to screw in a light bulb? A: None. If the light bulb really needed changing, market forces would have already caused it to happen. This joke represents the view of
A) classical economists.
B) Keynesian economists.
C) economists who conclude that money illusion is widespread.
D) economists who conclude that wages and prices are inflexible.
Question 2
Which of the following would cause a change in the quantity demanded of a product?
A) a higher price
B) a higher income
C) expectations of future price increases
D) All of the above are correct.
Went and Briggs demonstrated the relationship between light perception and auxin function.
How a photosystem harvests light.
Technique of Light Palpation
Poison bulb
(A) In hyperopia, light rays focus behind the retina, making it difficult to focus on objects at ...
Light-independent reactions in C4 plants