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Author Question: Potential output is the amount produced when: a. firms' and workers' expectations about the price ... (Read 69 times)

storky111

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on: Jun 30, 2018
Potential output is the amount produced when:
 a. firms' and workers' expectations about the price level are realized.
 b. the actual price level is higher than the price level expected by workers.
  c. firms and workers have the same expectations about the price level.
  d. the actual price level remains constant.
 e. the actual price level is lower than the price level expected by firms.

Question 2

Movements along a money demand curve reflect the effects of changes in the:
 a. price level on the quantity of money demanded.
 b. interest rate on the demand for money.
 c. real exchange rate on the demand for money.
 d. interest rate on the quantity of money demanded.
 e. potential GDP on the quantity of money demanded.


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ErinKing

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

a

Answer to Question 2

d


storky111

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

dantucker

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

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