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Author Question: According to Keynes' fixed money wage theory, when the price level is higher than expected the real ... (Read 55 times)

saraeharris

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on: Jun 30, 2018
According to Keynes' fixed money wage theory, when the price level is higher than expected the real wage is ____ than expected and unemployment is ______ than expected.
 
  a. lower; lower
  b. higher, higher
  c. lower; higher
  d. higher; lower

Question 2

Which of the following best describes typical employer attitudes toward organized labor (unions) during the 19th century?
 
  (a) Positiveunions could promote cooperation with management to achieve
  more efficient operations
  (b) Negativeunion-promoted labor gains seized profits and encouraged
  inefficient behavior
  (c) Indifferentunions had little impact on business profitability
  (d) Mixedabout half of employers favored unions and half opposed them


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joechoochoy

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

C

Answer to Question 2

(b)


saraeharris

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
Excellent

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