« previous next »

Author Question: The potential output of an economy is the level of output produced when the: a. real wage equals ... (Read 77 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?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

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?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

As sessile organisms, plants have evolved many mechanisms to mitigate the potential damage of abioti As sessile organisms, plants have evolved many mechanisms to mitigate the potential damage of abioti
AC ripple at the output terminal of the battery is more accurate than testing at the battery due ... AC ripple at the output terminal of the battery is more accurate than testing at the battery due ...
Japan’s Economy and Society Japan’s Economy and Society
Role of Factors of Production in Determining Output per Worker, 2009 Role of Factors of Production in Determining Output per Worker, 2009
How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ... How many grams of H2 gas can be produced by the reaction of 54.0 grams of Al(s) with an excess ...
Calculator Output Calculator Output
Video: Definitions of stroke volume, preload definition & Factors influencing stroke volume

For a complete list of videos, visit our video library