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 69 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
:D TYSM

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

True Forget-Me-Not True Forget-Me-Not
Mechanisms of pain at the nociceptor level Mechanisms of pain at the nociceptor level
Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc Martin Van Buren, sitting uncomfortably for this engraving, would eventually ascend to the presidenc
Establishing a steady-state resting membrane potential. Establishing a steady-state resting membrane potential.
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Estimating Potential Blood Volume Loss (Part 2) Estimating Potential Blood Volume Loss (Part 2)
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library