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 33 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
Wow, this really help

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

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
Many thought ideological politics was over in the United States, but 2012 showed strong ideological Many thought ideological politics was over in the United States, but 2012 showed strong ideological
Honoré Daumier, Fight between Schools, Idealism and Realism. Honoré Daumier, Fight between Schools, Idealism and Realism.
A high-performance aftermarket air filter often can increase airflow into the engine for more ... A high-performance aftermarket air filter often can increase airflow into the engine for more ...
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
Effect of an Increase in R&D in the Follower Country on the Steady State Effect of an Increase in R&D in the Follower Country on the Steady State
Video: Miller's reaction chamber experiment Animation

For a complete list of videos, visit our video library