Author Question: Compared to earlier times, the period of the 1950s to the early 1960s was one characterized by ... (Read 60 times)

cnetterville · **on:** Jun 30, 2018

Compared to earlier times, the period of the 1950s to the early 1960s was one characterized by

(a) temporary deficit spending of the government.
(b) permanent deficit spending of the government.
(c) temporary surplus spending of the government.
(d) permanent surplus spending of the government.

Question 2

The aggregate supply schedule is steeper where the money wage is more variable than where the money wage is fixed because the rise in the money wage in the

a. fixed-wage case dampens the effect on employment and output from an increase in the price level.
b. variable-wage case dampens the effect on employment and output from an increase in the price level.
c. variable-wage case heightens the effect on employment and output from an increase in the price level.
d. all of the above