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

Author Question: Which of the following macroeconomic schools of thought has dominated the economics profession from ... (Read 139 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jun 30, 2018
Which of the following macroeconomic schools of thought has dominated the economics profession from the 1940s through the 1960s?
 a. New classical economics
  b. Classical economics
  c. Keynesian economics
  d. Rational economics
  e. Positive economics

Question 2

A bountiful wheat harvest can be bad news for wheat farmers because the
 a. supply curve for an individual wheat farmer is usually perfectly elastic.
 b. supply curve for an individual wheat farmer is usually perfectly inelastic.
 c. demand for wheat is usually inelastic, meaning that factors that shift supply curve to the right decrease total revenues to sellers.
  d. demand for basic wheat is usually elastic, meaning that factors that shift supply to the right increase total revenues to sellers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrtceo

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

c

Answer to Question 2

c


dakota nelson

  • Member
  • Posts: 604
Reply 2 on: Jun 30, 2018
Gracias!

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Boreal forests, such as this one in Siberian Russia, are dominated by a few species of conifer trees Boreal forests, such as this one in Siberian Russia, are dominated by a few species of conifer trees
Thought Suppression (2 of 4) Thought Suppression (2 of 4)
Polar Bear Thought Suppression Polar Bear Thought Suppression
economics economics
Economics question Economics question
Economics question Economics question
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library