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Author Question: Which of the following never assumes, either implicitly or explicitly, independence between nominal ... (Read 85 times)

abern

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on: Jun 30, 2018
Which of the following never assumes, either implicitly or explicitly, independence between nominal and real variables?
 
  A) the AS curve
  B) the Phillips curve
  C) Okun's law
  D) the classical dichotomy
  E) none of the above

Question 2

In the Keynesian consumption function
 
  a. consumption is a constant fraction of income.
  b. the marginal propensity to consume is constant.
  c. disposable income determines consumption.
  d. All of the above
  e. None of the above


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shailee

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

C

Answer to Question 2

D


abern

  • Member
  • Posts: 533
Reply 2 on: Jun 30, 2018
Excellent

okolip

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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