This topic contains a solution. Click here to go to the answer

Author Question: Refer to the scenario above. Suppose the economy is currently operating on the production function ... (Read 95 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
Refer to the scenario above. Suppose the economy is currently operating on the production function F2 and E2 is the level of employment in the country. If the demand curve for labor shifts to the left, ________.
 
  A) employment will remain unchanged at E1 B) output will increase from Y2 to Y3
  C) employment will decrease from E2 to E1 D) employment will increase from E2 to E3

Question 2

Investment spending tends to be
 
  A) anticyclical. B) a periodic variable.
  C) unrelated to GDP. D) procyclical.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pangili4

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

C

Answer to Question 2

D




Lisaclaire

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent


adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

For a complete list of videos, visit our video library