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Author Question: Which of the following would reduce the supply of computers? a. higher wage rates for the workers ... (Read 81 times)

Anajune7

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on: Jun 30, 2018
Which of the following would reduce the supply of computers?
 a. higher wage rates for the workers that assemble the computers
 b. a technological improvement that lowers the cost of producing the computers
  c. a reduction in the price of computer chips used to produce the computers
  d. All of the above would reduce the supply of computers.

Question 2

If the price level is fixed, then changes in nominal income will be equivalent to changes in real income.
 a. True
  b. False
  Indicate whether the statement is true or false


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bd5255

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

a

Answer to Question 2

True


Anajune7

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

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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