« previous next »

Author Question: If nominal wage rates are contractually determined and cannot change in the short run, then an ... (Read 56 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jun 30, 2018
If nominal wage rates are contractually determined and cannot change in the short run, then an unexpected increase in the inflation rate will:
 a. increase business profits and reduce the unemployment rate.
  b. reduce both business profits and the unemployment rate.
  c. reduce business profits and increase the unemployment rate.
  d. increase both business profits and the unemployment rate.
  e. cause no change in business profits or the unemployment rate

Question 2

Moving along an elastic portion of a demand curve, a small percentage change in price leads to a larger percentage change in quantity demanded.
 a. True
  b. False
  Indicate whether the statement is true or false


billybob123

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Child Labor Rates and GDP Worldwide Child Labor Rates and GDP Worldwide
Gonorrhea Rates in the United States Gonorrhea Rates in the United States
The impact of climate change on natural ecosystems The impact of climate change on natural ecosystems
The developing and emerging nations have high rates of population growth The developing and emerging nations have high rates of population growth
Answer the following short answer, please show your steps and include the formulas used Answer the following short answer, please show your steps and include the formulas used
Change in Blood Pressure through the Systemic Circuit Change in Blood Pressure through the Systemic Circuit
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library