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Author Question: According to the simple Keynesian model, when planned expenditure exceeds income a. prices rise. ... (Read 32 times)

sc00by25

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on: Jun 30, 2018
According to the simple Keynesian model, when planned expenditure exceeds income
 
  a. prices rise.
  b. unplanned inventory investment is negative.
  c. income falls.
  d. planned expenditure falls.
  e. both b and d.

Question 2

When drawn against the current real wage, the labor demand curve is
 
  A) upward sloping because the marginal product of labor rises with the quantity of labor employed.
  B) upward sloping because the marginal product of labor declines with the quantity of labor employed.
  C) downward sloping because the marginal product of labor rises with the quantity of labor employed.
  D) downward sloping because the marginal product of labor declines with the quantity of labor employed.


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duke02

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

B

Answer to Question 2

D


sc00by25

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Reply 2 on: Jun 30, 2018
Excellent

jojobee318

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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