« previous next »

Author Question: New classical economics assumes that government has direct control over the equilibrium level of GDP ... (Read 65 times)

TFauchery

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
New classical economics assumes that government has direct control over the equilibrium level of GDP and indirect control over the money supply.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Two goods are considered substitutes when the cross elasticity of demand is ___ and complements when the cross elasticity of demand is ___.
 a. Greater than zero, less than zero.
  b. Less than zero, greater than zero.
  c. Greater than one, less than one.
  d. Less than one, greater than one.


smrtceo

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Infection prevention and control Infection prevention and control
This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
Direct-Acting Muscle Relaxants Direct-Acting Muscle Relaxants
Sea-Level Rise Sea-Level Rise
Control of Sex Hormone Secretion Control of Sex Hormone Secretion
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library