« previous next »

Author Question: According to new classical economics, fiscal policy can change equilibrium real GDP only if it ... (Read 89 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
According to new classical economics, fiscal policy can change equilibrium real GDP only if it changes the price level or one of the determinants of aggregate supply, and people expect this change.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following pairs of goods would most likely exhibit a cross price elasticity of 2.2?
 a. hamburgers and fries
 b. peanut butter and jelly
 c. butter and margarine
 d. tennis balls and tennis rackets


fraziera112

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

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?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

The economics of conservation. The economics of conservation.
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Ancient Climate Change Ancient Climate Change
Food policy can drive the food industry Food policy can drive the food industry
Economics question Economics question
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene
Video: Osteoporosis

For a complete list of videos, visit our video library