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

Author Question: When the economy is at its potential output level, which of the following is true? a. The price ... (Read 74 times)

mckennatimberlake

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
When the economy is at its potential output level, which of the following is true?
 a. The price level is higher than that expected by workers.
 b. The nominal wage is equal to the real wage.
 c. The unemployment rate is about 14 percent.
 d. The economy is producing its maximum sustainable output.
  e. The actual price level is less than the expected price level.

Question 2

The money demand curve will shift when there is a change in the:
 a. unemployment rate.
 b. inflation rate.
 c. money supply.
 d. nominal interest rate.
 e. price level.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

okolip

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

e


mckennatimberlake

  • Member
  • Posts: 559
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Upper-Level Maps Upper-Level Maps
North America and the Global Economy North America and the Global Economy
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Factors that influence muscle tension - Sarcomere length and force, understretched and overstretched

For a complete list of videos, visit our video library