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Author Question: Suppose workers' and firms' expectations of the price level and productivity are accurate. In this ... (Read 410 times)

09madisonrousseau09

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on: Jun 30, 2018
Suppose workers' and firms' expectations of the price level and productivity are accurate. In this case, a reduction in productivity will cause which of the following?
 
  A) a decrease in both the real wage and the natural rate of unemployment
  B) an increase in both the real wage and the natural rate of unemployment
  C) a decrease in the real wage and no change in the natural rate of unemployment
  D) an increase in the real wage and a decrease in the natural rate of unemployment
  E) none of the above

Question 2

Banks are different from other financial intermediaries because
 
  A) banks receive funds and make loans.
  B) some of a bank's deposits are money.
  C) banks can conduct open market operations on their own.
  D) banks do not need to hold reserves against their deposits.
  E) banks are open longer hours.


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nothere

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

C

Answer to Question 2

B


09madisonrousseau09

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Reply #2 on: Jun 30, 2018
Correct answers!


nothere

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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