« previous next »

Author Question: New classical economics assumes that government has direct control over the equilibrium level of GDP ... (Read 43 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
New classical economics assumes that government has direct control over the equilibrium level of GDP and indirect control over the money supply.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Two goods are considered substitutes when the cross elasticity of demand is ___ and complements when the cross elasticity of demand is ___.
 a. Greater than zero, less than zero.
  b. Less than zero, greater than zero.
  c. Greater than one, less than one.
  d. Less than one, greater than one.


smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Direct-Aging Antispasmodic Drugs Direct-Aging Antispasmodic Drugs
Chickenpox rash. (Centers for Disease Control and Prevention [CDC]/Ann Cain) Chickenpox rash. (Centers for Disease Control and Prevention [CDC]/Ann Cain)
Control you knife with one hand and hold the item being cut with the other (2 of 3) Control you knife with one hand and hold the item being cut with the other (2 of 3)
Government By the People, 2016 Presidential Election, 26th Edition Government By the People, 2016 Presidential Election, 26th Edition
Biological control agent: a commercially raised parasitoid wasp about to deposit a fertilized egg in Biological control agent: a commercially raised parasitoid wasp about to deposit a fertilized egg in
One generation of random mating produces Hardy–Weinberg equilibrium One generation of random mating produces Hardy–Weinberg equilibrium
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library