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

Author Question: New classical macroeconomists believe that a. markets clear each and every period. b. the labor ... (Read 19 times)

Zoey63294

  • Hero Member
  • *****
  • Posts: 539
on: Jun 30, 2018
New classical macroeconomists believe that
 
  a. markets clear each and every period.
  b. the labor market does not clear.
  c. individuals are locked into money wage constraints.
  d. individuals face market constraints in their ability to act in their own self-interest.
  e. none of the above.

Question 2

The supply of labor in the classical system is a function of the
 
  a. marginal product of labor.
  b. real wage.
  c. the public's preference for leisure.
  d. money wage.
  e. b and c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

chreslie

  • Sr. Member
  • ****
  • Posts: 307
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


Zoey63294

  • Member
  • Posts: 539
Reply 2 on: Jun 30, 2018
Gracias!

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Regular diesel fuel on the left has a clear or greenish tint, whereas fuel for off-road use is ... Regular diesel fuel on the left has a clear or greenish tint, whereas fuel for off-road use is ...
Clear the lower leg with long strokes. Start proximal to the ankle, and stroke to the knee and ... Clear the lower leg with long strokes. Start proximal to the ankle, and stroke to the knee and ...
The Power of Classical Conditioning The Power of Classical Conditioning
Embryonic Period Embryonic Period
Classical-Conditioning Activity Classical-Conditioning Activity
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library