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Author Question: In the new classical model, workers and firms try to keep their real wages and relative prices from ... (Read 122 times)

mspears3

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on: Jun 30, 2018
In the new classical model, workers and firms try to keep their real wages and relative prices from falling when ________.
 
  A) income falls
  B) they expect inflation to rise
  C) they expect inflation to fall
  D) they expect aggregate demand to fall

Question 2

If the interest rate increases, lifetime wealth (we)
 
  A) increases.
  B) stays constant.
  C) decreases.
  D) changes in an ambiguous way.


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underwood14

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

B

Answer to Question 2

C


mspears3

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

epscape

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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