« previous next »

Author Question: If there is an increase in the price level in the classical model, a. the equilibrium level of ... (Read 104 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
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

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

sammy

  • Hero Member
  • *****
  • Posts: 818
Reply #2 on: Jun 30, 2018
Correct answers!


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Lab: Paramecium Model Lab: Paramecium Model
Does Intelligence Increase with Brain Size? Does Intelligence Increase with Brain Size?
Atmospheric pressure decreases with increase in altitude. Atmospheric pressure decreases with increase in altitude.
Increase in Surface Area by Mechanical Weathering Increase in Surface Area by Mechanical Weathering
Opener Model showing how the lac repressor and catabolite-activating protein Opener Model showing how the lac repressor and catabolite-activating protein
A Model of Natural Selection Favoring the Heterozygous Genotype A Model of Natural Selection Favoring the Heterozygous Genotype
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library