Author Question: The empirical evidence suggests that periods of high productivity growth will cause which of the ... (Read 79 times)

meagbuch · **on:** Jun 30, 2018

The empirical evidence suggests that periods of high productivity growth will cause which of the following in the short run?

A) higher markups
B) lower unemployment
C) constant real wages
D) greater equality in wages
E) none of the above

Question 2

Suppose the marginal propensity to consume equals .8 (i.e., c1 = .8). Given this information, which of the following events will cause the largest increase in output?

A) G increases by 200
B) T decreases by 200
C) I increases by 150
D) both A and B