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Author Question: Refer to the scenario above. Suppose the economy is currently operating on the production function ... (Read 30 times)

Lisaclaire

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on: Jun 30, 2018
Refer to the scenario above. Suppose the economy is currently operating on the production function F2 and E2 is the level of employment in the country. If the demand curve for labor shifts to the left, ________.
 
  A) employment will remain unchanged at E1 B) output will increase from Y2 to Y3
  C) employment will decrease from E2 to E1 D) employment will increase from E2 to E3

Question 2

Investment spending tends to be
 
  A) anticyclical. B) a periodic variable.
  C) unrelated to GDP. D) procyclical.


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pangili4

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Lisaclaire

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

meow1234

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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