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Author Question: Which of the following is correct? A general assumption in real business cycle models is that a. ... (Read 77 times)

CBme

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  • Posts: 548
on: Jun 30, 2018
Which of the following is correct? A general assumption in real business cycle models is that
 
  a. dissimilar individuals populate the economy.
  b. the labor market does not clear.
  c. the economy is populated by a group of identical individuals.
  d. the economy experiences involuntary unemployment.

Question 2

According to the classical system, saving is a function of
 
  a. income.
  b. the real interest rate.
  c. the real wage.
  d. the profitability of firms.
  e. all of the above.


jazzlynnnnn

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

C

Answer to Question 2

B


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