Q: How many economists does it take to change a light bulb?
A: All. Because then you will generate employment, more consumption, moving the aggregate demand curve to the right.
This joke represents the view of
A) classical economists.
B) economists who contend that money illusion never occurs.
C) Keynesian economists.
D) economists who conclude that wages and prices are very flexible.
C
Economics
You might also like to view...
Redbox rents DVDs for $1 per day via self-service kiosks located across the United States. In 2007, each kiosk averaged about 50 rentals per day. Suppose Redbox increases their daily price to $1.50
What is the price elasticity of demand if rentals decrease by 20 per day? A) 1.25 B) 1.33 C) 1 D) 0.8
Economics
Refer to the demand and supply equations. At a price of $5, there will be ________
Fill in the blank(s) with correct word
Economics