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

Author Question: Q: How many economists does it take to change a light bulb? A: All. Because then you will generate ... (Read 21 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Q: How many economists does it take to change a light bulb?
  A: All. Because then you will generate employment, more consumption, moving the aggregate demand curve to the right.
  This joke represents the view of
 
  A) classical economists.
  B) economists who contend that money illusion never occurs.
  C) Keynesian economists.
  D) economists who conclude that wages and prices are very flexible.

Question 2

What information is provided by the aggregate demand curve?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sarahccccc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

The aggregate demand curve relates total planned real expenditures to each price level. The price level is measured by the GDP deflator. The lower is the price level, the higher are total planned real expenditures, other things being equal.


jasdeep_brar

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

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?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through
Color mixtures of refracted light—additive process. Color mixtures of refracted light—additive process.
Geopolitical Change of 20th-Century Europe Geopolitical Change of 20th-Century Europe
Apply effleurage over eyelids. Using very light pressure, stroke the closed eyelids with your thumbs ... Apply effleurage over eyelids. Using very light pressure, stroke the closed eyelids with your thumbs ...
Light beer has about the same amount of alcohol as regular beer Light beer has about the same amount of alcohol as regular beer
Energy flow in the light-dependent reactions of photosynthesis Energy flow in the light-dependent reactions of photosynthesis
Video: Heart sounds

For a complete list of videos, visit our video library