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Author Question: Which of the following best describes the interest rate effect? A) An increase in the price level ... (Read 101 times)

magmichele12

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Which of the following best describes the interest rate effect?
 
  A) An increase in the price level lowers the interest rate and chokes off investment and consumption spending.
  B) An increase in the price level lowers the interest rate and chokes off government spending.
  C) An increase in the price level raises the interest rate and chokes off government spending.
  D) An increase in the price level raises the interest rate and chokes off investment and consumption spending.

Question 2

What is the shape of the labor supply curve implied by the following statements?
 
  a. I'm sorry, kids, but now that I'm earning more, I just can't afford to come home early in the afternoon, so I won't be here when you get home from school.
  b. They can pay me a lot or they can pay me a little. I'll still put in my 8 hours a day.
  c. Now that I have received a salary increase, I am going to work 36 hours instead of 40 hours a week


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yasmina

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magmichele12

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


Liamb2179

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Reply 3 on: Yesterday
:D TYSM

 

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