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 50 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
YES! Correct, THANKS for helping me on my review

ryhom

  • Member
  • Posts: 366
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

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.

How to find the limit of a function using delta and epsilon How to find the limit of a function using delta and epsilon
How to approximate the area of a function using midpoints How to approximate the area of a function using midpoints
How to use right endpoints to find an expression showing the area of a function How to use right endpoints to find an expression showing the area of a function
Modern Predication of Peak in Global Oil Production Modern Predication of Peak in Global Oil Production
Stem Cell Production Stem Cell Production
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Video: Skin Cancer

For a complete list of videos, visit our video library