This topic contains a solution. Click here to go to the answer

Author Question: Technological change that increases the marginal productivity of labor in the classical model would ... (Read 105 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
Technological change that increases the marginal productivity of labor in the classical model would cause
 
  a. labor demand, output and the price level to rise.
  b. labor demand to fall, the price level to fall, and output to rise.
  d. labor demand, output and employment to rise.
  c. output to rise but labor demand to fall.

Question 2

The most important determinant of any multiplier in the Keynesian model is
 
  a. the level of planned investment.
  b. the level of unemployment.
  c. the marginal propensity to consume.
  d. the level of excess demand.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dmurph1496

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

B

Answer to Question 2

C




karlynnae

  • Member
  • Posts: 599
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

For a complete list of videos, visit our video library