« previous next »

Author Question: The potential output of an economy is the level of output produced when the: a. real wage equals ... (Read 105 times)

rayancarla1

  • Hero Member
  • *****
  • Posts: 571
on: Jun 30, 2018
The potential output of an economy is the level of output produced when the:
 a. real wage equals the nominal wage.
 b. price level is constant.
 c. expected real wage equals the nominal wage.
 d. seasonal unemployment rate is zero.
 e. expected price level equals the actual price level.

Question 2

Other things constant, the quantity of money demanded varies:
 a. directly with the market interest rate.
 b. inversely with the market interest rate.
 c. inversely with the price level.
 d. directly with the price level.
 e. inversely with the unemployment rate.


macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

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.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Nitrogenous wastes produced by different animal groups. Nitrogenous wastes produced by different animal groups.
Terminology for Movement Produced by Muscles Terminology for Movement Produced by Muscles
A visual inspection on this battery showed that the electrolyte level was below the plates in all ... A visual inspection on this battery showed that the electrolyte level was below the plates in all ...
The major cortical input and output pathways of the posterior parietal association cortex. Shown are ... The major cortical input and output pathways of the posterior parietal association cortex. Shown are ...
The gap between the projected level of greenhouse gas emissions The gap between the projected level of greenhouse gas emissions
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Video: Glycolysis - and oxygen

For a complete list of videos, visit our video library