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Author Question: Which of the following macroeconomic schools of thought has dominated the economics profession from ... (Read 167 times)

dakota nelson

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on: Jun 30, 2018
Which of the following macroeconomic schools of thought has dominated the economics profession from the 1940s through the 1960s?
 a. New classical economics
  b. Classical economics
  c. Keynesian economics
  d. Rational economics
  e. Positive economics

Question 2

A bountiful wheat harvest can be bad news for wheat farmers because the
 a. supply curve for an individual wheat farmer is usually perfectly elastic.
 b. supply curve for an individual wheat farmer is usually perfectly inelastic.
 c. demand for wheat is usually inelastic, meaning that factors that shift supply curve to the right decrease total revenues to sellers.
  d. demand for basic wheat is usually elastic, meaning that factors that shift supply to the right increase total revenues to sellers.


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smrtceo

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

c

Answer to Question 2

c


dakota nelson

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

irishcancer18

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Reply 3 on: Yesterday
Gracias!

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