« previous next »

Author Question: What do we need to assume about firms in the sticky price model? A) They accommodate any demand ... (Read 87 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
What do we need to assume about firms in the sticky price model?
 
  A) They accommodate any demand at the given price.
  B) They hire until the real wage equals the average labor productivity.
  C) They maximize only current profits.
  D) They adapt the price to current conditions.

Question 2

Current estimates of the marginal propensity to consume out of wealth are in the neighborhood of ________.
 
  A) three and one-half cents per dollar of wealth
  B) 45 cents per dollar of wealth
  C) 98 cents per dollar of wealth
  D) 4.87 per dollar of wealth


yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Female Reproductive Anatomy Model Female Reproductive Anatomy Model
Single-cell circulation model Single-cell circulation model
Trombone Model of DNA Trombone Model of DNA
How to fit an exponential model to data How to fit an exponential model to data
Model for translocon function Model for translocon function
A model of the 70 ribosome, with mRNA and tRNA bound A model of the 70 ribosome, with mRNA and tRNA bound
Video: Wound Repair Animation

For a complete list of videos, visit our video library