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Author Question: The main cause of low per capita income is ________. A) a low level of capital B) a small ... (Read 26 times)

jake

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on: Jun 30, 2018
The main cause of low per capita income is ________.
 
  A) a low level of capital
  B) a small workforce
  C) low productivity of capital and labor
  D) slow growth of capital and labor shares of income
  E) none of the above

Question 2

New Keynesian economists believe that nominal wages and prices respond ________ to shocks, and classical economists believe that nominal wages and prices respond ________ to shocks.
 
  A) quickly; quickly
  B) quickly; slowly
  C) slowly; quickly
  D) slowly; slowly


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Yixagurpuldink

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

C

Answer to Question 2

C


jake

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Animal_Goddess

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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