This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following schools of thought believes that wages and prices are rigid in the short run? ... (Read 87 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Which of the following schools of thought believes that wages and prices are rigid in the short run?
 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

If the supply curve for aspirin is perfectly elastic, a reduction in demand will cause the equilibrium price to:
 a. rise and the equilibrium quantity to fall.
 b. rise and the equilibrium quantity to stay the same.
  c. fall and the equilibrium quantity to fall.
 d. stay the same and the equilibrium quantity to fall.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

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.

The reflection nebula NGC 1999 is brilliantly illuminated by V380 Orionis (center), a variable star The reflection nebula NGC 1999 is brilliantly illuminated by V380 Orionis (center), a variable star
Schools are a primary agent of socialization. One of their functions is to teach children the ... Schools are a primary agent of socialization. One of their functions is to teach children the ...
A) Butterfly-shaped lupus rash. Lupus is the Latin word for wolf; the face rash was thought to look ... A) Butterfly-shaped lupus rash. Lupus is the Latin word for wolf; the face rash was thought to look ...
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
A rigid circular loop has a radius of 0.20 m and is in the xy-plane. A clockwise current I is ... A rigid circular loop has a radius of 0.20 m and is in the xy-plane. A clockwise current I is ...
Short Table of Laplace Tranforms Short Table of Laplace Tranforms
Video: Types of Burns

For a complete list of videos, visit our video library