This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The long run is the period of time during which: a. real wage is exactly equal to nominal wage. b. ... (Read 131 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Jun 30, 2018
The long run is the period of time during which:
 a. real wage is exactly equal to nominal wage.
  b. inflation is zero.
 c. excess aggregate demand leads to a shortage.
  d. real wages are constant.
 e. all resource prices can be varied.

Question 2

In the aggregate demand-aggregate supply model in the short run, an increase in the money supply will lead to a(n):
 a. increase in both the price level and real GDP.
 b. decrease in both the price level and real GDP.
 c. increase in real GDP and a decrease in the price level.
  d. decrease in real GDP and an increase in the price level.
  e. increase in the price level only.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Brenm

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

a


abc

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
:D TYSM

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

The Geologic Time Scale The Geologic Time Scale
Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before
How to write a sine function when given the amplitude, period, and phase shift How to write a sine function when given the amplitude, period, and phase shift
Long Term Control Medications Long Term Control Medications
How long does exercise affect blood sugar? How long does exercise affect blood sugar?
Embryonic Period Embryonic Period
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library