Author Question: The new classical school of thought is usually associated with the theory of rational expectations. ... (Read 82 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
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

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

True

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

For a complete list of videos, visit our video library