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Author Question: Assuming a 10-percent decrease in both the nominal (money) wage and the price level in the classical ... (Read 42 times)

NguyenJ

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on: Jun 30, 2018
Assuming a 10-percent decrease in both the nominal (money) wage and the price level in the classical model, then the quantity of labor supplied will
 
  a. also decrease by 10 percent.
  b. increase by 10 percent.
  c. remain constant.
  d. decrease by less than 10 percent.

Question 2

The primary emphasis in U.S. national income accounts is on
 
  a. gross national product.
  b. gross domestic product.
  c. net national product.
  d. personal disposable income.


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mk6555

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

C

Answer to Question 2

B


NguyenJ

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Reply #2 on: Jun 30, 2018
Thank you :)


mk6555

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Reply #3 on: Jun 30, 2018
Happy to help you


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