Which of the following is accurate about John Maynard Keynes?
a. He was one of the most influential economists in early U.S. history.
b. He believed economics is a subject but not a way of thinking.
c. He believed economics is not just a subject area but also a way of thinking.
d. He believed that economics is not a subject but is a way of thinking.
c. He believed economics is not just a subject area but also a way of thinking.
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An improvement in technology would shift
a. the demand curve leftward b. the demand curve rightward c. the supply curve leftward d. neither the supply nor the demand curve; instead, there is movement along both of them e. the supply curve rightward
Cross-price elasticity of demand measures how the quantity demanded of one good changes as the price of another good changes
a. True b. False Indicate whether the statement is true or false