Author Question: Churning refers to A) changes in the real wage over the business cycle. B) changes in the markup ... (Read 72 times)

genevieve1028 · **on:** Jun 30, 2018

Churning refers to

A) changes in the real wage over the business cycle.
B) changes in the markup over the business cycle.
C) structural change associated with technological progress.
D) the increase in productivity caused by an increase in output.
E) the increase in output caused by an increase in productivity.

Question 2

For this question, assume that individuals do not hold currency (i.e., c = 0). If the ratio of reserves to deposits is .10, the money multiplier is

A) .1.
B) .9.
C) 4.
D) 5.
E) 10.