This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Technological change that increases the marginal productivity of labor in the classical model would ... (Read 104 times)

karlynnae

  • Hero Member
  • *****
  • Posts: 599
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.


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

B

Answer to Question 2

C


karlynnae

  • Member
  • Posts: 599
Reply 2 on: Jun 30, 2018
:D TYSM

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Bones change radically in size and shape from newborn to adult, as these cervical vertebrae demonstr Bones change radically in size and shape from newborn to adult, as these cervical vertebrae demonstr
Single-Cell Model Single-Cell Model
Natural Causes of Climate Change Natural Causes of Climate Change
DPSIR Model DPSIR Model
Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body Change in Bone Mass over Time In your early years, more bone mass is added than lost in your body
Classical-Conditioning Activity Classical-Conditioning Activity
Video: Oogenesis Animation

For a complete list of videos, visit our video library