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

Author Question: Which of the following is a possible consequence if a contractionary monetary policy is adopted? ... (Read 41 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jun 30, 2018
Which of the following is a possible consequence if a contractionary monetary policy is adopted?
 
  A) The demand for labor will increase.
  B) The aggregate price level will rise.
  C) Real output will increase if nominal wages are fixed.
  D) Real wages will increase if nominal wages are fixed.

Question 2

In what sense is frictional unemployment good for the economy?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

Since frictional unemployment is the unemployment that exists so that workers and firms find the right matches, the economy needs some frictional unemployment to operate efficiently.


dbose

  • Member
  • Posts: 597
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Democritus' atomist philosophy was later adopted by Epicurus (341–270 BCE). Democritus' atomist philosophy was later adopted by Epicurus (341–270 BCE).
environmental policy environmental policy
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
States and territories that have adopted their own version of HAZWOPER for all workers are shown in ... States and territories that have adopted their own version of HAZWOPER for all workers are shown in ...
Scientific monitoring with environmental policy (SOER) Scientific monitoring with environmental policy (SOER)
Video: Hierarchical Sequencing Method - Sequence Tagged Sites

For a complete list of videos, visit our video library