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

Author Question: Which of the following schools of thought emphasize the role of money supply in determining ... (Read 72 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
Which of the following schools of thought emphasize the role of money supply in determining equilibrium real GDP and price level?
 a. Traditional Keynesian economics
  b. New Keynesian economics
  c. New classical economics
  d. Classical economics
  e. Monetarist economics

Question 2

A war on drugs is waged, and, as a result, a larger quantity of drugs flowing into the United States is seized and more drug traffickers are arrested. If demand for drugs is inelastic, one would expect the total expenditure on drugs to:
 a. decrease.
 b. increase.
 c. stay constant.
 d. There is not enough information available to make a determination.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jasonq

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

b


RRMR

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

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).

The role of leptin in regulating appetite and metabolic rate. The role of leptin in regulating appetite and metabolic rate.
Role of Dopamine D2 Receptors in the Development of Schizophrenia Role of Dopamine D2 Receptors in the Development of Schizophrenia
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
Congruence among values, beliefs, and role requirements supports the development of empowered ... Congruence among values, beliefs, and role requirements supports the development of empowered ...
Determining the Ages of Rocks Using Fossils Determining the Ages of Rocks Using Fossils
Really , I never thought about that What about you ? Really , I never thought about that What about you ?
Video: Calvin Cycle Explained!

For a complete list of videos, visit our video library