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Author Question: If business cycles are caused by changes in aggregate supply, you would expect to see a. prices ... (Read 43 times)

laurencescou

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on: Jun 30, 2018
If business cycles are caused by changes in aggregate supply, you would expect to see
 
  a. prices and unemployment moving in the same direction.
  b. price and unemployment moving in opposite directions.
  c. prices not moving with unemployment.
  d. unemployment is not included in the Keynesian model.

Question 2

How did laborers benefit from World War I (191418)?
 
  (a) Their nominal take-home pay rose more than prices increased.
  (b) They were placed in military jobs that paid wages higher than
  private sector jobs.
  (c) High-paying jobs in the private sector were created to support
  the war effort.
  (d) Real GNP and national income fell during and shortly after the war.


briseldagonzales

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

A

Answer to Question 2

(a)


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