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Author Question: An increase in A) nominal output raises the interest rate while a fall in real output lowers the ... (Read 154 times)

karateprodigy

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  • Posts: 550
on: Jun 30, 2018
An increase in
 
  A) nominal output raises the interest rate while a fall in real output lowers the interest rate, given the price level and the money supply.
  B) real output decreases the interest rate while a fall in real output increases the interest rate, given the price level.
  C) real output raises the interest rate while a fall in real output lowers the interest rate, given the money supply.
  D) nominal output raises the interest rate while a fall in real output lowers the interest rate, given the price level.
  E) real output raises the interest rate while a fall in real output lowers the interest rate, given the price level and the money supply.

Question 2

In the specific factors model, which of the following will increase the quantity of labor used in food production?
 
  A) an increase in the price of food relative to that of cloth
  B) an increase in the price of cloth relative to that of food
  C) a decrease in the price of labor
  D) an equal percentage decrease in the price of food and cloth
  E) an equal percentage increase in the price of food and cloth


Jordin Calloway

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


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