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Author Question: Job rationing occurs when the quantity of labor demanded exceeds the quantity supplied. Is the ... (Read 153 times)

karen

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on: Jun 29, 2018
Job rationing occurs when the quantity of labor demanded exceeds the quantity supplied. Is the previous statement true or false? Explain your answer.
 
  What will be an ideal response?

Question 2

The long-run money demand curve shows
 
  A) that the value of money influences the quantity of money that households and firms plan to hold.
  B) how the Fed determines the appropriate interest rate.
  C) the relationship between real GDP and money demand.
  D) that the value of money is directly related to the quantity of money demanded.
  E) the relationship between potential GDP and money demand.


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morganmarie791

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

The statement is false. Job rationing occurs when the quantity of labor supplied exceeds the quantity demanded. In this circumstance, jobs must be apportionedrationed among the people willing to work.

Answer to Question 2

A


karen

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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