Keynesian and classical theories agree that:
a. AS is upward sloping in the short-run.
b. AS is vertical in the long-run.
c. sustained AD shocks can also shift AS in the long-run.
d. all of the above.
B
Economics
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The Law of Demand is the reason behind:
A) the price elasticity of demand having a positive value. B) the income elasticity of demand having a positive value. C) the price elasticity of demand having a negative value. D) the income elasticity of demand having a negative value.
Economics
Why might an amusement park switch from charging admission to the park and charging for the rides to charging for admission but not charging for the rides?
What will be an ideal response?
Economics