« previous next »

Author Question: Q: How many economists does it take to screw in a light bulb? A: None. If the light bulb really ... (Read 269 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
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.


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Two Scottish reindeer relax after pulling Santa's sleigh at the switching on of Christmas light Two Scottish reindeer relax after pulling Santa's sleigh at the switching on of Christmas light
Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ... Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ...
A light shield over an optical sensor being installed before the rotor is attached. A light shield over an optical sensor being installed before the rotor is attached.
Light energy from the Sun powers Light energy from the Sun powers
Vision light adaptation & release of the inhibitory neurotransmitter glutamate Vision light adaptation & release of the inhibitory neurotransmitter glutamate
What is the longest wavelength of light that can cause photoelectron emission fr What is the longest wavelength of light that can cause photoelectron emission fr
Video: Lower Limb Arteries Animation

For a complete list of videos, visit our video library