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

Author Question: Refer to the scenario above. Suppose the economy is currently operating on the production function ... (Read 29 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Refer to the scenario above. Suppose the economy is currently operating on the production function F2 and E2 is the level of employment in the country. If the demand curve for labor shifts to the left, ________.
 
  A) employment will remain unchanged at E1 B) output will increase from Y2 to Y3
  C) employment will decrease from E2 to E1 D) employment will increase from E2 to E3

Question 2

Investment spending tends to be
 
  A) anticyclical. B) a periodic variable.
  C) unrelated to GDP. D) procyclical.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pangili4

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Lisaclaire

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
:D TYSM

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

The rapid speed of cAMP production The rapid speed of cAMP production
The production of transgenic crops The production of transgenic crops
Hydration is essential to body function, especially engaged in strenuous activities Hydration is essential to body function, especially engaged in strenuous activities
How to find the area of a function using limits and Riemann sums How to find the area of a function using limits and Riemann sums
The Production Function The Production Function
Write equation for each function Write equation for each function
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library