This topic contains a solution. Click here to go to the answer

Author Question: According to real business cycle theorists, an increase in total factor productivity could lead to ... (Read 100 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
According to real business cycle theorists, an increase in total factor productivity could lead to an increase in the nominal money supply due to
 
  A) the cyclical behavior of tax collections and attempts by the Federal Reserve to stabilize real output.
  B) the Federal Reserve's attempts to stabilize real output and the price level.
  C) the Federal Reserve's attempts to stabilize the price level and banking sector expansion of deposit money.
  D) banking sector expansion of deposit money and the cyclical behavior of tax collections.

Question 2

In an environment characterized by perfect competition, we expect that ________.
 
  A) there are very few firms in the economy
  B) there are many firms in the economy but a very few have the lion's share of the industry
  C) the are many small firms in the economy and every single firm is a price taker
  D) the government sets prices for all firms
  E) none of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Tonyam972

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

C

Answer to Question 2

C




cabate

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

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?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

For a complete list of videos, visit our video library