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Author Question: Monetarists and new classical economists favor an active role of government in promoting low ... (Read 97 times)

torybrooks

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on: Jun 30, 2018
Monetarists and new classical economists favor an active role of government in promoting low inflation and economic growth.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the cross price elasticity between Goods A and B equals -1.3, then a reduction in the price of Good B will:
 a. increase the demand for Good A and increase Good A's price as a result.
  b. increase the demand for Good A and decrease Good A's price as a result.
  c. decrease the demand for Good A and increase Good A's price as a result.
  d. decrease the demand for Good A and decrease Good A's price as a result.


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meganlapinski

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

a


torybrooks

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Reply #2 on: Jun 30, 2018
Thank you


meganlapinski

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Reply #3 on: Jun 30, 2018
No problemo


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