This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Job rationing occurs when the real wage rate is A) above the equilibrium wage rate so there is a ... (Read 103 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
Job rationing occurs when the real wage rate is
 
  A) above the equilibrium wage rate so there is a shortage of labor.
  B) above the equilibrium wage rate so there is an excess supply of labor.
  C) equal to the equilibrium wage rate so there is no excess supply of labor.
  D) below the equilibrium wage rate so there is an excess supply of labor.
  E) Both answers A and D are correct because whenever the real wage rate is above or below the equilibrium wage rate, there is an excess supply of labor.

Question 2

An increase in the price level leads to ________ in the demand for money, and an increase in real GDP leads to ________ in the demand for money.
 
  A) no change; an increase
  B) a decrease; a decrease
  C) an increase; an increase
  D) a decrease; an increase
  E) an increase; a decrease


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


ARLKQ

  • Member
  • Posts: 571
Reply 2 on: Jun 29, 2018
Excellent

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Telangiectasias usually occurs in women and on the face Telangiectasias usually occurs in women and on the face
Breast cancer. Notice the tumor growing within a lactiferous gland, which occurs in infiltrating duc Breast cancer. Notice the tumor growing within a lactiferous gland, which occurs in infiltrating duc
Respiratory Rate Ranges of Various Age Groups Respiratory Rate Ranges of Various Age Groups
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011 Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
Biosynthesis of methionine and threonine from homoserine, as it occurs in plants and bacteria Biosynthesis of methionine and threonine from homoserine, as it occurs in plants and bacteria
An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ... An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ...
Video: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library