Author Question: Aggregate supply increases when: a. wage rates decrease while the economy's price level remains ... (Read 86 times)

erika

  • Hero Member
  • *****
  • Posts: 522
Aggregate supply increases when:
 a. wage rates decrease while the economy's price level remains unchanged.
  b. resource availability is reduced.
  c. there are fewer workers.
  d. there is less capital and the price level remains unchanged.
  e. there are increased inflationary expectations of labor.

Question 2

Keynes called the money people hold in order to buy bonds, stocks, or other nonmoney financial assets the:
 a. transactions demand for holding money.
  b. precautionary demand for holding money.
  c. speculative demand for holding money.
  d. unit of account demand for holding money.



Missbam101

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

a

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

For a complete list of videos, visit our video library