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

Author Question: The long run is the period of time during which: a. real wage is exactly equal to nominal wage. b. ... (Read 124 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Jun 30, 2018
The long run is the period of time during which:
 a. real wage is exactly equal to nominal wage.
  b. inflation is zero.
 c. excess aggregate demand leads to a shortage.
  d. real wages are constant.
 e. all resource prices can be varied.

Question 2

In the aggregate demand-aggregate supply model in the short run, an increase in the money supply will lead to a(n):
 a. increase in both the price level and real GDP.
 b. decrease in both the price level and real GDP.
 c. increase in real GDP and a decrease in the price level.
  d. decrease in real GDP and an increase in the price level.
  e. increase in the price level only.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Brenm

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

a


abc

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
Gracias!

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long A young Lipizzan at the Spanish Riding School in training equipment, wearing saddle, bridle and long
Organizational Effects of Testosterone Around the time of birth, testosterone masculinizes and defem Organizational Effects of Testosterone Around the time of birth, testosterone masculinizes and defem
Time Time
Environmental Systems in Space and Time Environmental Systems in Space and Time
Embryonic Period Embryonic Period
Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra. Greater Long-nosed Tree Shrew (Tupaia tana), Borneo and Sumatra.
Video: Erythropoietin (EPO)

For a complete list of videos, visit our video library