Author Question: If the real wage is equal to 8 widgets, and only an integer number of workers can be hired, the ... (Read 63 times)

sc00by25

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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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Answer to Question 1

A

Answer to Question 2

D



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