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genevieve1028

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A comparison of the average growth rates across time for developed nations indicates that
 
  A) nations with lower levels of income grow more quickly than those with higher levels of income.
  B) nations with lower levels of income will never be as rich as nations with high levels of income.
  C) nations with high levels of income experience a continuously increasing growth rate.
  D) nations with lower levels of income grow more slowly than those with higher levels of income.

Question 2

The menu cost theory states that
 
  A) wages depend on the productivity of workers.
  B) economic agents quickly learn the likely responses of the Fed to changes in unemployment.
  C) the economy is characterized by perfect competition.
  D) prices are not fully flexible because it is costly for firms to change prices every time there is a demand change.


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genevieve1028

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


at

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Reply 3 on: Yesterday
:D TYSM

 

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