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Author Question: For the coordination failure model to work, it must be the case that the aggregate labor demand ... (Read 65 times)

Bernana

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on: Jun 30, 2018
For the coordination failure model to work, it must be the case that the aggregate labor demand curve must be
 
  A) upward sloping and steeper than the labor supply curve.
  B) upward sloping and flatter than the labor supply curve.
  C) downward sloping and steeper than the labor supply curve.
  D) downward sloping and flatter than the labor supply curve.

Question 2

The large quantity of currency held per person in the United States reflects
 
  A) The high level of GDP per person in the United States.
  B) The income-expenditure identity.
  C) The importance of the underground economy.
  D) The distrust of banks in the United States.


kusterl

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

A

Answer to Question 2

C


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