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

karlynnae

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on: Jun 30, 2018
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.


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dmurph1496

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

B

Answer to Question 2

C


karlynnae

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Laurenleakan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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