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

Author Question: If the money wage rate and the price level both rise by the same proportion, then in the figure ... (Read 104 times)

nevelica

  • Hero Member
  • *****
  • Posts: 563
on: Jun 29, 2018
If the money wage rate and the price level both rise by the same proportion, then in the figure above the potential GDP line ________, and the aggregate supply curve ________.
 
  A) shifts rightward; does not shift
  B) does not shift; shifts rightward
  C) shifts rightward; shifts rightward
  D) shifts rightward; shifts leftward
  E) does not shift; shifts leftward

Question 2

When people reduce their rate of time preference
 
  A) more credit is made available in the banking system.
  B) less credit is made available in the banking system.
  C) the demand for credit shifts right.
  D) the supply of credit shifts left.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dantucker

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

A


nevelica

  • Member
  • Posts: 563
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Nuclear division at the DNA level Nuclear division at the DNA level
Ripped Money Ripped Money
Leonardo da Vinci, Study of Human Proportion: The Vitruvian Man. Leonardo da Vinci, Study of Human Proportion: The Vitruvian Man.
Control of blood glucose level. Control of blood glucose level.
The rate of facilitated diffusion The rate of facilitated diffusion
As shown in the figure, a large open tank contains a layer of oil ( density 450 kg/m3) floating ... As shown in the figure, a large open tank contains a layer of oil ( density 450 kg/m3) floating ...
Video: Haustral churning, Gastrocolic reflex and mass peristalsis & Defecation

For a complete list of videos, visit our video library