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Author Question: Assuming the economy is experiencing a recessionary gap, classical economists predict that: a. ... (Read 26 times)

laurencescou

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on: Jun 30, 2018
Assuming the economy is experiencing a recessionary gap, classical economists predict that:
 a. wages will remain fixed.
 b. monetary policy will sell government securities.
 c. higher wages will shift the short-run aggregate supply curve leftward.
  d. lower wages will shift the short-run aggregate supply curve rightward.
  e. none of the above.

Question 2

Personal income minus personal taxes equals disposable personal income.
 a. True
  b. False
  Indicate whether the statement is true or false


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dantucker

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

d

Answer to Question 2

True


laurencescou

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Reply 2 on: Jun 30, 2018
Gracias!

upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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