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Author Question: For most firms, the biggest cost of doing business is wages. Indicate whether the statement is ... (Read 74 times)

jon_i

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For most firms, the biggest cost of doing business is wages.
 
  Indicate whether the statement is true or false

Question 2

According to the real business cycle theory, which of the following is a TRUE statement about the effects of an oil shock in the 1970s?
 
  A) Relative prices changed but there was no impact on the price level in general.
  B) The natural rate of unemployment remained unchanged, but employment levels did decline.
  C) The shock shifted the short-run aggregate supply curve but not the long-run aggregate supply curve.
  D) The shock affected real variables only and did not affect nominal variables.


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wfdfwc23

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jon_i

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Reply 2 on: Jun 30, 2018
:D TYSM


sailorcrescent

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Reply 3 on: Yesterday
Wow, this really help

 

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