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

Author Question: Why is the economy at full employment in the long run? A) Only wages have the ability to adjust. ... (Read 78 times)

Beheh

  • Hero Member
  • *****
  • Posts: 520
on: Jun 30, 2018
Why is the economy at full employment in the long run?
 
  A) Only wages have the ability to adjust.
  B) Only price can adjust.
  C) Prices don't adjust.
  D) Wages and the price level eventually adjust to full employment equilibrium levels.
  E) Government policies eventually converge on the full employment strategy.

Question 2

The case of New Zealand, described in the text, draws what technical conclusion regarding the country's international debt position?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pallen55

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

Fundamentally, the question is whether or not a country can sustain a current account deficit indefinitely. The conclusion depends upon the country's future prospects. If net exports are expected to rise at a rate sufficient to counteract the effects of debt (including interest payments) over the relevant time period, than deficits could go on for an extended period.


Beheh

  • Member
  • Posts: 520
Reply 2 on: Jun 30, 2018
:D TYSM

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Our species’ ability to form social bonds and be loyal and cooperative within our “tribe” may ... Our species’ ability to form social bonds and be loyal and cooperative within our “tribe” may ...
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Apply long effleurage stroke to entire arm-hand to shoulder. Brush off from shoulder to hand to ... Apply long effleurage stroke to entire arm-hand to shoulder. Brush off from shoulder to hand to ...
Types of Long-Term Memories Types of Long-Term Memories
C heck the description bcuz the question is too long. there is a file attached but it is the ... C heck the description bcuz the question is too long. there is a file attached but it is the ...
Video: Glycolysis - and oxygen

For a complete list of videos, visit our video library