In the Keynesian model with a fixed price level and a fixed money wage, an increase in the money supply will cause
a. output to fall and interest rates to fall.
b. output to remain unchanged.
c. output to rise and the price level to fall.
d. output to rise and interest rates to fall.
Question 2
According to efficiency wage models,
a. their key element is an explanation of why the efficiency (or productivity) of workers depends on the real wage.
b. the rationale underlying those models implies that firms will set the real wage below the market clearing level.
c. they explain real wage volatility.
d. all of the above.
The wild radish, Raphanus sativus, has become a model for studying the mating behaviour of plants.
The structure of skin (a) and epidermis (b) at the microscopic level.
Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19
Masaccio, The Tribute Money.
The Bohr model of the atom. The nucleus contains protons and neutrons, and electrons orbit around ...
The sliding-filament model