« previous next »

Author Question: In the classical model, an increase in aggregate demand will lead to an increase in wage rates while ... (Read 91 times)

Jramos095

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
In the classical model, an increase in aggregate demand will lead to an increase in wage rates while a decrease in aggregate demand will
 
  A) change the price of capital.
  B) leave wages unchanged since workers will not take a cut in pay.
  C) increase wages since business will be desperate for labor.
  D) decrease wages.

Question 2

According to new growth theory, as technology becomes more important to growth, so does
 
  A) increasing taxes. B) human capital.
  C) military spending. D) increasing trade barriers.


LegendaryAnswers

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Time dependence of the rates of a chemical reaction Time dependence of the rates of a chemical reaction
The universal grammar and emergent grammar viewpoint lead to very different scenarios of the evoluti The universal grammar and emergent grammar viewpoint lead to very different scenarios of the evoluti
Pavlov’s Original Classical Conditioning Procedure Pavlov’s Original Classical Conditioning Procedure
IPCC model projections depend on greenhouse gas emissions IPCC model projections depend on greenhouse gas emissions
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
A three-gene additive model for wheat kernel color A three-gene additive model for wheat kernel color
Video: Central Nervous System Animation

For a complete list of videos, visit our video library