Author Question: Under the gold standard, a country experiencing a fall in its gold reserves was supposed to: (a) ... (Read 86 times)

Garrulous · **on:** Jun 30, 2018

Under the gold standard, a country experiencing a fall in its gold reserves was supposed to:

(a) Expand loans
(b) Buy securities
(c) Lower discount rates
(d) Cut loans

Question 2

The new Keynesian theories of efficiency wages imply

a. nominal wage rigidity.
b. real wage rigidity.
c. changes in unemployment represent changes in the natural rate of unemployment.
d. market clearing in the labor market in the long-run.
e. None of the above