« previous next »

Author Question: Traditional Keynesian economics assumes that prices are relatively flexible in response to changes ... (Read 56 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?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

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
Response to Sound Waves Response to Sound Waves
economics economics
economics economics
Sympathetic Nervous System's Flight or Fight Response Sympathetic Nervous System's Flight or Fight Response
Types of cells involved in the inflammatory response Types of cells involved in the inflammatory response
Video: Types of Transport - Uniport, Antiport and Symport (Glucose and Na+K+ Transporters)

For a complete list of videos, visit our video library