This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the Keynesian theory of labor supply, price expectations are based a. only on the future ... (Read 70 times)

NClaborn

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
In the Keynesian theory of labor supply, price expectations are based
 
  a. only on the future behavior of the price level.
  b. on the past, present, and future behavior of the price level.
  c. on the present behavior of the price level.
  d. on the past behavior of the price level.

Question 2

In the classical model, if money growth and velocity are constant, then:
 
  a. the price level will rise at the rate of output growth.
  b. the price level will be constant.
  c. the price level will fall at the rate of output growth.
  d. none of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


NClaborn

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 30, 2018
Correct answers!


jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

teach their children to care for the earth in hopes of passing on a better world to future generatio teach their children to care for the earth in hopes of passing on a better world to future generatio
Anatomy of the heart. Remember: It is labeled right and left based on the patient’s perspective. Anatomy of the heart. Remember: It is labeled right and left based on the patient’s perspective.
The science-based DRIs serve as the basis for information The science-based DRIs serve as the basis for information
Centromere locations and the chromosome designations that are based on them Centromere locations and the chromosome designations that are based on them
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Calculation of Joint Probability of a Genotype Based on Seven CODIS STR Markers Calculation of Joint Probability of a Genotype Based on Seven CODIS STR Markers
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library