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 53 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
Excellent

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Micrographs of nerve cells taken with different types of light microscopes. Micrographs of nerve cells taken with different types of light microscopes.
Evidence that Light Travels at a Finite Speed Evidence that Light Travels at a Finite Speed
Change in air temperature at various air flow rates for a 7 pass operation Change in air temperature at various air flow rates for a 7 pass operation
Apply light circular friction over the wrist using your thumbs. Observe the skin moving over the ... Apply light circular friction over the wrist using your thumbs. Observe the skin moving over the ...
The impact of climate change is greater in some areas than in others The impact of climate change is greater in some areas than in others
Electric Light Orchestra (ELO) - Telephone Line + Lyrics Electric Light Orchestra (ELO) - Telephone Line + Lyrics
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library