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

Author Question: An economist from which of the following schools of thought would most likely say - An increase in ... (Read 42 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
An economist from which of the following schools of thought would most likely say - An increase in government expenditure will only increase inflation, because the aggregate supply curve is vertical?
 a. Neoclassical economics
  b. Traditional classical economics
  c. New Keynesian economics
  d. Keynesian economics
  e. Marxist economics

Question 2

If price increases 6 and the quantity exchanged decreases 6, what does that tell us about the elasticity of supply?
 a. It tells us nothing about the elasticity of supply.
  b. Supply is elastic.
 c. Supply is inelastic.
 d. Supply is unit elastic.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

EAN94

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


stock

  • Member
  • Posts: 573
Reply 2 on: Jun 30, 2018
Gracias!

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Cellular mechanisms that increase protein diversity Cellular mechanisms that increase protein diversity
Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
Thought Suppression (2 of 4) Thought Suppression (2 of 4)
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library