« previous next »

Author Question: A proportionate increase in the price level and the money wage in the classical model a. increase ... (Read 86 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jun 30, 2018
A proportionate increase in the price level and the money wage in the classical model
 
  a. increase labor supply.
  b. decrease labor supply.
  c. leave labor supply unchanged.
  d. affect labor supply but the direction of the effect is uncertain.

Question 2

In the new classical view, an anticipated decrease in government spending would be expected to
 
  a. lower output and the price level.
  b. lower output but leave the price level unchanged.
  c. leave output unchanged and raise the price level.
  d. leave output unchanged and lower the price level.
  e. leave both output and the price level unchanged.


Pswine

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

The Solar Model The Solar Model
Health Belief Model Health Belief Model
Higher-Level Thinking Skills Used in Massage Therapy Higher-Level Thinking Skills Used in Massage Therapy
A model for formation of a minimal preinitiation complex (PIC) for pol II on a TATA promoter A model for formation of a minimal preinitiation complex (PIC) for pol II on a TATA promoter
Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ... Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ...
The Gene Expression Machine Model for Coupling The Gene Expression Machine Model for Coupling
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library