Author Question: Workers often have ________ contracts and so their wages are ________. A) short-term; sticky B) ... (Read 81 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
Workers often have ________ contracts and so their wages are ________.
 
  A) short-term; sticky B) short-term; flexible
  C) long-term; flexible D) long-term; sticky

Question 2

Suppose that the economy is in long-run equilibrium and the government decided to engage in unexpected contractionary policy by decreasing the money supply.
 
  If we assume rational expectations, which of the following statements is correct about the effect of contractionary policy in the long run?
  A) The unemployment rate will decrease, real GDP will decrease and the price level will decrease.
  B) The unemployment rate will increase, real GDP will increase and the price level will increase.
  C) The unemployment rate will remain unchanged, real GDP will remain unchanged and the price level will decrease.
  D) The unemployment rate will remain unchanged, real GDP will remain unchanged and the price level will increase.


wfdfwc23

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

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?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

For a complete list of videos, visit our video library