Author Question: Which of the following will cause a real depreciation? A) an increase in E B) a reduction in P ... (Read 55 times)

jayhills49 · **on:** Jun 30, 2018

Which of the following will cause a real depreciation?

A) an increase in E
B) a reduction in P
C) a reduction in P
D) all of the above
E) none of the above

Question 2

Based on our understanding of the labor market model presented in Chapter 6, we know that an increase in the minimum wage will cause

A) an increase in the equilibrium real wage.
B) a reduction in the equilibrium real wage.
C) a reduction in the natural rate of unemployment.
D) both B and C