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 144 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
:D TYSM

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

An Estimate of the Time of Global Peak Conventional Oil Production An Estimate of the Time of Global Peak Conventional Oil Production
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev
Disitive Time For Water Disitive Time For Water
Long division for polynomials Long division for polynomials
Surtsey, a volcanic island, during the time of its formation. Surtsey, a volcanic island, during the time of its formation.
Video: Enzyme-Catalyzed Reactions

For a complete list of videos, visit our video library