Both new classical economists and monetarists disagree with ...

[appyboo]

Both new classical economists and monetarists disagree with Keynesians about the optimal degree of involvement of the government in determining the equilibrium level of real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the cross price elasticity of demand for fries with respect to hamburgers equals -1.2, then:
 a. a 1 increase in the quantity of hamburgers purchased will lead to a 1.2 increase in the price of fries.
 b. a 10 increase in the price of a hamburger will lead to a 12 increase in the quantity of fries demanded at a given price.
  c. a 1 decrease in the price of a hamburger will lead to a 1.2 increase in the quantity of fries demanded at a given price.
  d. a 10 increase in the quantity of hamburgers purchased will lead to a 12 increase in the price of fries.

[jazzlynnnnn]

Answer to Question 1

True

Answer to Question 2

c

[appyboo]

Thanks for the timely response, appreciate it

[nanny]

Wow, this really help