« previous next »

Author Question: If there is an increase in the price level in the classical model, a. the equilibrium level of ... (Read 92 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jun 30, 2018
If there is an increase in the price level in the classical model,
 
  a. the equilibrium level of output will remain unchanged.
  b. real wages remain constant.
  c. money wages will rise proportionally.
  d. all of the above.

Question 2

Labor demand depends on the interest rate because
 
  A) household savings depend on the interest rate.
  B) firms discount future profits.
  C) of Ricardian equivalence.
  D) Labor demand actually does not depend on the interest rate.


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

sammy

  • Hero Member
  • *****
  • Posts: 818
Reply #2 on: Jun 30, 2018
Correct answers!


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Model for the events occurring around a single replication fork Model for the events occurring around a single replication fork
A Model of a Pulsating X-Ray Source A Model of a Pulsating X-Ray Source
This illustration shows the decibel level in various locations and associated with different ... This illustration shows the decibel level in various locations and associated with different ...
A model for the RuvA-RuvB-Holliday junction structure A model for the RuvA-RuvB-Holliday junction structure
A model for factor-independent termination of transcription A model for factor-independent termination of transcription
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library