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Author Question: Nominal wages are assumed fixed in the short run because: a. workers have wages stated in their ... (Read 47 times)

Frost2351

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on: Jun 30, 2018
Nominal wages are assumed fixed in the short run because:
 a. workers have wages stated in their contracts.
 b. of minimum wage laws.
 c. workers are unaware of short-run changes in their real wages.
  d. all of the above are true.
 e. none of the above are true.

Question 2

The amount of assets that a bank must hold at all times is determined by the:
 a. banks' actual reserves.
  b. required reserve ratio.
  c. actual reserve requirement.
  d. fractional reserve requirement.
  e. excess reserve requirement.


scottmt

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

d

Answer to Question 2

b


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