Q: How Many Economists Does It Take to Change a Light

question 242

Multiple Choice

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) Keynesian economists.
• C) economists who contend that money illusion never occurs.
• D) economists who conclude that wages and prices are very flexible.

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Definitions:

Therapeutic Treatment

A method or use of remedies to treat or cure a disease or condition.

Bili Lights

A phototherapy tool used to treat newborn jaundice by exposing the baby to special blue light that helps break down bilirubin in the blood.

Newborn

An infant that is within hours, days, or up to a few weeks old.

Routine Child Health Examination

Regular medical checkups that assess the growth, development, and well-being of children to prevent and identify health problems.