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Author Question: A decrease in aggregate demand causes a decrease in ________ only in the short run, but causes a ... (Read 130 times)

luminitza

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on: Jun 29, 2018
A decrease in aggregate demand causes a decrease in ________ only in the short run, but causes a decrease in ________ in both the short run and the long run.
 
  A) the price level; real GDP B) the price level; the price level
  C) real GDP; real GDP D) real GDP; the price level

Question 2

Robert Lucas argues that there are ________ returns to human capital, and these productivity increases are not completely captured by individuals as they decide how much education to purchase.
 
  As a result, the market produces ________ education and training.
  A) increasing; too little B) increasing; too much
  C) decreasing; too little D) decreasing; too much


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Carliemb17

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


luminitza

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Reply #2 on: Jun 29, 2018
Thank you :)


Carliemb17

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Reply #3 on: Jun 29, 2018
Happy to help you


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