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Author Question: If the real wage is equal to 8 widgets, and only an integer number of workers can be hired, the ... (Read 45 times)

sc00by25

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on: Jun 30, 2018
If the real wage is equal to 8 widgets, and only an integer number of workers can be hired, the Gizmo company should hire
 
  A) 2 workers.
  B) 3 workers.
  C) 4 workers.
  D) 5 workers.

Question 2

In the real intertemporal model, if future total factor productivity increases, this captures the effects of
 
  A) intemporal substitution.
  B) Ricardian equivalence.
  C) the government expenditure multiplier.
  D) news shocks.


shoemake

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

A

Answer to Question 2

D


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