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Author Question: High inflation A) makes money function less well as a store of value. B) lowers the price level. ... (Read 89 times)

jwb375

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on: Jun 29, 2018
High inflation
 
  A) makes money function less well as a store of value.
  B) lowers the price level.
  C) leads to a more correct allocation of resources.
  D) decreases uncertainty.
  E) makes it easier to use money as a standard of account.

Question 2

What does a productivity curve reflect? What leads to movements along a productivity curve and what leads to shifts in a productivity curve?
 
  What will be an ideal response?


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cascooper22

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The productivity curve shows the relationship between the amount of capital per hour of labor and real GDP per hour of labor, that is, between capital per hour labor and labor productivity. The curve is upward sloping, but, due to diminishing returns, the slope becomes less steep as capital per hour of labor increases. If the amount of capital per hour of labor changes, there is a movement along the productivity curve. If the amount of human capital increases and/or technology advance occurs, the productivity curve shifts upward.


jwb375

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

parshano

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Reply 3 on: Yesterday
Wow, this really help

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