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Author Question: The fact that some resource prices are fixed by contracts help explain why firms: a. increase ... (Read 60 times)

B

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on: Jun 30, 2018
The fact that some resource prices are fixed by contracts help explain why firms:
 a. increase output in the short run when the price level increases.
 b. keep production levels constant in the short run when the price level decreases.
  c. sell output in the short run at fixed prices.
 d. increase output in the long run when the price level increases.
 e. decrease production when nominal wages fall in the long run.

Question 2

Which of the following changes will cause a downward movement along the money demand curve?
 a. An increase in the interest rate
  b. A decrease in the interest rate
  c. A decrease in real GDP
 d. An increase in real GDP
 e. An increase in the price level


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manuelcastillo

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

a

Answer to Question 2

b


B

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

kjohnson

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

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