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

Author Question: According to classical theory, a shift in aggregate demand will affect A) the price level only. ... (Read 109 times)

Shelles

  • Hero Member
  • *****
  • Posts: 582
on: Jun 29, 2018
According to classical theory, a shift in aggregate demand will affect
 
  A) the price level only.
  B) real Gross Domestic Product (GDP) only.
  C) the level of employment only.
  D) both real Gross Domestic Product (GDP) and the level of employment.

Question 2

Which of the following statements is FALSE?
 
  A) Economists empirically test their models.
  B) Economic models are not used to forecast.
  C) An economic model should capture only the essential relationships that are sufficient to analyze the particular problem being studied.
  D) Economic models relate to behavior rather than to individual thought processes.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jliusyl

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Shelles

  • Member
  • Posts: 582
Reply 2 on: Jun 29, 2018
:D TYSM

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

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.

Nuclear division at the DNA level Nuclear division at the DNA level
Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e
Does this child have legs of different lengths or scoliosis? Look at the level of the iliac crests a Does this child have legs of different lengths or scoliosis? Look at the level of the iliac crests a
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Aggregate Fruits: Blackberry Aggregate Fruits: Blackberry
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library