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Author Question: If the demand for labor ________, real wages rise and the amount of labor employed ________. A) ... (Read 161 times)

LaDunn

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on: Jun 30, 2018
If the demand for labor ________, real wages rise and the amount of labor employed ________.
 
  A) increases; increases B) increases; decreases
  C) decreases; increases D) decreases; decreases

Question 2

Assume equilibrium real GDP per year is equal to full-employment real GDP. Which of the following will cause a recessionary gap?
 
  A) a discovery of a new raw material B) a reduction in aggregate demand
  C) a temporary reduction in the price of oil D) an increase in aggregate demand


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tandmlomax84

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

A

Answer to Question 2

B


LaDunn

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

scottmt

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

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