Author Question: The change in potential real GDP and aggregate supply shown in the graph above can be a result of ... (Read 71 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
The change in potential real GDP and aggregate supply shown in the graph above can be a result of
 
  A) a fall in the price level.
  B) a decrease in the money wage rate.
  C) an increase in the real wage rate.
  D) an increase in the quantity of capital.
  E) a decrease in the money price of oil.

Question 2

The productivity curve shifts upward when
 
  A) technology advances.
  B) physical capital increases.
  C) hours of labor increase.
  D) hours of labor decrease.
  E) human capital decreases.



djofnc

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

For a complete list of videos, visit our video library