Author Question: Which of the following schools of thought believes that the major source of the macroeconomic ... (Read 183 times)

jho37 · **on:** Jun 30, 2018

Which of the following schools of thought believes that the major source of the macroeconomic problems are the disequilibria in the private labor and goods market?
a. Keynesians and new Keynesians
b. Only monetarists
c. Only new classical economists
d. Monetarists and new classical economists
e. Monetarists and Keynesians

Question 2

A tax is imposed on wine. Sellers will bear no burden from this tax if the:
a. demand for wine is perfectly inelastic.
b. demand for wine is perfectly elastic.
c. demand for wine is unit elastic.
d. supply curve for wine is perfectly inelastic.