« previous next »

Author Question: Which of the following statements is correct? Classical economists a. believe demand as well as ... (Read 45 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
Which of the following statements is correct? Classical economists
 
  a. believe demand as well as supply determines aggregate output.
  b. believed in an active role for government in managing the economy through tax policy.
  c. gave little explicit attention to factors that determined the overall demand for commodities.
  d. were worried about depressions that could come about because of too little government consumption.

Question 2

The more limited information, the _____ the new classical AS curve.
 
  a. flatter.
  b. steeper.
  c. horizontal.
  d. downward sloping.
  e. none of the above.


cloud

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
A Classical Conditioning Procedure Outside the Laboratory A Classical Conditioning Procedure Outside the Laboratory
Correct wrist position while performing compression. A. Correct wrist position for compression ... Correct wrist position while performing compression. A. Correct wrist position for compression ...
How to count for the correct number of significant digits How to count for the correct number of significant digits
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Combination of arrangement and sequence is correct Combination of arrangement and sequence is correct
Video: Blood Pressure Measurement

For a complete list of videos, visit our video library