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Author Question: If there is an increase in the price level in the classical model, a. the equilibrium level of ... (Read 118 times)

sammy

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on: Jun 30, 2018
If there is an increase in the price level in the classical model,
 
  a. the equilibrium level of output will remain unchanged.
  b. real wages remain constant.
  c. money wages will rise proportionally.
  d. all of the above.

Question 2

Labor demand depends on the interest rate because
 
  A) household savings depend on the interest rate.
  B) firms discount future profits.
  C) of Ricardian equivalence.
  D) Labor demand actually does not depend on the interest rate.


mmj22343

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

D

Answer to Question 2

D


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sammy

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


mmj22343

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


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