Assuming the economy is experiencing a recessionary gap, ...

[laurencescou]

Assuming the economy is experiencing a recessionary gap, classical economists predict that:
 a. wages will remain fixed.
 b. monetary policy will sell government securities.
 c. higher wages will shift the short-run aggregate supply curve leftward.
  d. lower wages will shift the short-run aggregate supply curve rightward.
  e. none of the above.

Question 2

Personal income minus personal taxes equals disposable personal income.
 a. True
  b. False
  Indicate whether the statement is true or false

[dantucker]

Answer to Question 1

d

Answer to Question 2

True

[laurencescou]

Thanks for the timely response, appreciate it

[adammoses97]

YES! Correct, THANKS for helping me on my review