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Author Question: In the Keynesian theory of labor supply, price expectations are based a. only on the future ... (Read 26 times)

NClaborn

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on: Jun 30, 2018
In the Keynesian theory of labor supply, price expectations are based
 
  a. only on the future behavior of the price level.
  b. on the past, present, and future behavior of the price level.
  c. on the present behavior of the price level.
  d. on the past behavior of the price level.

Question 2

In the classical model, if money growth and velocity are constant, then:
 
  a. the price level will rise at the rate of output growth.
  b. the price level will be constant.
  c. the price level will fall at the rate of output growth.
  d. none of the above.


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jojobee318

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


NClaborn

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Reply #2 on: Jun 30, 2018
Correct answers!


jojobee318

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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