This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Job rationing occurs when the real wage rate is A) above the equilibrium wage rate so there is a ... (Read 93 times)

ARLKQ

  • Hero Member
  • *****
  • Posts: 571
on: Jun 29, 2018
Job rationing occurs when the real wage rate is
 
  A) above the equilibrium wage rate so there is a shortage of labor.
  B) above the equilibrium wage rate so there is an excess supply of labor.
  C) equal to the equilibrium wage rate so there is no excess supply of labor.
  D) below the equilibrium wage rate so there is an excess supply of labor.
  E) Both answers A and D are correct because whenever the real wage rate is above or below the equilibrium wage rate, there is an excess supply of labor.

Question 2

An increase in the price level leads to ________ in the demand for money, and an increase in real GDP leads to ________ in the demand for money.
 
  A) no change; an increase
  B) a decrease; a decrease
  C) an increase; an increase
  D) a decrease; an increase
  E) an increase; a decrease


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


ARLKQ

  • Member
  • Posts: 571
Reply 2 on: Jun 29, 2018
Excellent

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Prove that each of the following real functions f has a discontinuity. For each function, ... Prove that each of the following real functions f has a discontinuity. For each function, ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library