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Author Question: _____ is the theory that was popular before _____ changed the face of economics post Great ... (Read 73 times)

nelaaney

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on: Jun 30, 2018
_____ is the theory that was popular before _____ changed the face of economics post Great Depression in the 1930s.
 a. Classical economics; Milton Friedman
  b. Keynesian economics; Monetarists
  c. Classical economics; Keynes
  d. Monetarist economics; Adam Smith
  e. Keynesian economics; Milton Friedman

Question 2

Ceteris paribus, if a 4 increase in price leads to a 6 increase in the quantity supplied, then:
 a. supply is elastic.
 b. supply is unit elastic.
 c. supply is inelastic.
 d. the supply curve is perfectly vertical.


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mcinincha279

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


nelaaney

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

meow1234

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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