Author Question: The more staggered are labor contracts, A) the more rapidly the economy will adjust to changes in ... (Read 34 times)

hbsimmons88 · **on:** Jun 30, 2018

The more staggered are labor contracts,

A) the more rapidly the economy will adjust to changes in aggregate demand.
B) the less rapidly the economy will adjust to changes in aggregate demand.
C) the greater the inflationary effects of a given change in money growth in the medium run.
D) the less inflationary effects of a given change in money growth in the medium run.

Question 2

The research by Robert Hall on the theory of consumption suggests that the best forecast of consumption for next year would be

A) unpredictable.
B) random.
C) this year's consumption.
D) last year's consumption.