« previous next »

Author Question: Traditional Keynesian economics assumes that prices are relatively flexible in response to changes ... (Read 61 times)

jman1234

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Traditional Keynesian economics assumes that prices are relatively flexible in response to changes in aggregate expenditures.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A tax is imposed on wine. Sellers will bear the full burden of this tax if the:
 a. demand for wine is perfectly inelastic.
 b. price elasticity of demand for wine equals 1.0.
  c. demand for wine is unit elastic.
 d. supply for wine is perfectly inelastic.


ASDFGJLO

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


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?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Urinary catheterization. The procedure involves the insertion of a flexible tube, or catheter, throu Urinary catheterization. The procedure involves the insertion of a flexible tube, or catheter, throu
Evolutionary ecologists live and do research in contemporary cultures that maintain all or some aspe Evolutionary ecologists live and do research in contemporary cultures that maintain all or some aspe
Dose-Response Curves for Morphine Dose-Response Curves for Morphine
PGC-1 and SIRT1 control the reprogramming of fuel utilization pathways in response to fasting PGC-1 and SIRT1 control the reprogramming of fuel utilization pathways in response to fasting
Reflex Response Reflex Response
The CRISPR/Cas system mediates an adaptive immune response in prokaryotes The CRISPR/Cas system mediates an adaptive immune response in prokaryotes
Video: Neuron Type Animation

For a complete list of videos, visit our video library