Author Question: If potential GDP increases, then the A) real wage rate increases. B) real wage rate falls. C) ... (Read 125 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
If potential GDP increases, then the
 
  A) real wage rate increases.
  B) real wage rate falls.
  C) aggregate supply curve shifts leftward.
  D) aggregate demand curve shifts rightward.
  E) aggregate supply curve shifts rightward.

Question 2

In the United States, the temporary tax surcharge of 1968
 
  A) actually increased consumer spending.
  B) decreased consumer spending by more than was originally estimated.
  C) had no impact on consumer spending.
  D) decreased consumer spending by less than was originally estimated.


GCabra

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

E

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

For a complete list of videos, visit our video library