« previous next »

Author Question: Which of the following is NOT a reason why real GDP can be expanded beyond a level consistent with ... (Read 8 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
Which of the following is NOT a reason why real GDP can be expanded beyond a level consistent with its long-run growth path in modern Keynesian analysis?
 
  A) Higher prices induce firms to hire more workers.
  B) The existing capital stock can be used more intensively.
  C) Prices and wages are flexible, allowing for needed adjustments.
  D) In the short run, existing workers can work more hours.

Question 2

Institutions and laws, such as patent protection, that foster innovations lead to economic growth because they
 
  A) give businesses loans to buy new machinery.
  B) give confidence to consumers that the products they buy are safe.
  C) allow the government control of the innovations.
  D) give confidence to inventors that they will profit from their innovation.


meganmoser117

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

The central dogma of genetics at the molecular level. The central dogma of genetics at the molecular level.
The IPCC projects sea level rise The IPCC projects sea level rise
Projections of global temperature depend heavily on the level of future greenhouse gas emissions Projections of global temperature depend heavily on the level of future greenhouse gas emissions
A Drug’s Plateau Level A Drug’s Plateau Level
Determine the # of real roots from the equation Determine the # of real roots from the equation
Please help me with a Real Estate Course Problem Please help me with a Real Estate Course Problem
Video: Krebs cycle : Formation of acetyl coenzyme A and Electron transport chain

For a complete list of videos, visit our video library