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Author Question: If interest rates, prices, and output are all rising, then according to the Keynesian model, these ... (Read 28 times)

dollx

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on: Jun 30, 2018
If interest rates, prices, and output are all rising, then according to the Keynesian model, these changes must be caused by
 
  a. an increase in aggregate supply.
  b. a shift to the right of the LM curve.
  c. a shift to the right of the LM curve.
  d. a shift up in the IS curve.
  e. none of the above.

Question 2

The equilibrium real wage is 25, the money supply equals 15, and k equals 3 . If equilibrium output is 10 then the equilibrium nominal wage is
 
  a. 3.
  b. 4.5.
  c. .22
  d. 5


Pariscourtney

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

D

Answer to Question 2

C


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