This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following schools of thought believes that wages and prices are rigid in the short run? ... (Read 42 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Which of the following schools of thought believes that wages and prices are rigid in the short run?
 a. Keynesians and new Keynesians
  b. Only monetarists
  c. Only new classical economists
  d. Monetarists and new classical economists
  e. Monetarists and Keynesians

Question 2

If the supply curve for aspirin is perfectly elastic, a reduction in demand will cause the equilibrium price to:
 a. rise and the equilibrium quantity to fall.
 b. rise and the equilibrium quantity to stay the same.
  c. fall and the equilibrium quantity to fall.
 d. stay the same and the equilibrium quantity to fall.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Wow, this really help

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Red-bellied short-necked turtle Red-bellied short-necked turtle
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library