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Author Question: New classical economics assumes that government has direct control over the equilibrium level of GDP ... (Read 21 times)

TFauchery

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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

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

False

Answer to Question 2

a


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