« previous next »

Author Question: A proportionate increase in the price level and the money wage in the classical model a. increase ... (Read 81 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jun 30, 2018
A proportionate increase in the price level and the money wage in the classical model
 
  a. increase labor supply.
  b. decrease labor supply.
  c. leave labor supply unchanged.
  d. affect labor supply but the direction of the effect is uncertain.

Question 2

In the new classical view, an anticipated decrease in government spending would be expected to
 
  a. lower output and the price level.
  b. lower output but leave the price level unchanged.
  c. leave output unchanged and raise the price level.
  d. leave output unchanged and lower the price level.
  e. leave both output and the price level unchanged.


Pswine

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Fluid-mosaic model of membrane structure Fluid-mosaic model of membrane structure
Model of the Reading Process Model of the Reading Process
A model for kinetochore structure and organization A model for kinetochore structure and organization
A model for helicase action A model for helicase action
Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ... Ethanol has the molecular formula C2H6O. Which ball and stick model shown above represents ...
Molecular model of homologous recombination in meiosis Molecular model of homologous recombination in meiosis
Video: Burn Animation

For a complete list of videos, visit our video library