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Author Question: The new classical school of thought is usually associated with the theory of rational expectations. ... (Read 45 times)

strangeaffliction

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on: Jun 30, 2018
The new classical school of thought is usually associated with the theory of rational expectations.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the cross elasticity of demand coefficient for potato chips and pretzels equals 1.5:
 a. potato chips and pretzels must both be inferior goods.
  b. potato chips and pretzels must both be normal goods.
  c. potato chips and pretzels must be substitutes.
 d. potato chips and pretzels must be complements.


CourtneyCNorton

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  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


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