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Author Question: According to classical theory, full employment in the labor market occurs A) only when actual ... (Read 64 times)

robinn137

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on: Jun 30, 2018
According to classical theory, full employment in the labor market occurs
 
  A) only when actual expenditures are greater than desired expenditures.
  B) only when the economy has just experienced a demand shock.
  C) whenever aggregate demand is less than aggregate supply.
  D) at a wage rate at which quantity demanded equals quantity supplied.

Question 2

The formula for the computation of labor productivity is
 
  A) nominal GDP/number of workers. B) real GDP/number of workers.
  C) nominal GDP/population. D) real GDP/population.


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sarah_brady415

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

D

Answer to Question 2

B


robinn137

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Reply #2 on: Jun 30, 2018
Correct answers!


sarah_brady415

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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