If there is an increase in the price level in the classical model,
a. the equilibrium level of output will remain unchanged.
b. real wages remain constant.
c. money wages will rise proportionally.
d. all of the above.
D
Economics
You might also like to view...
In the late 2000s, which source of funds for corporations grew the most?
A) net new stock issues B) net new bond issues C) net new loans D) net new commercial paper
Economics
Compared to the size of GDP in 2014, the net national debt was approximately
a. 10% as large. b. 33% as large. c. 60% as large. d. about twice as large.
Economics
Commodity egalitarianism suggests that some goods be available to everyone.
A. True B. False C. Uncertain
Economics
Total revenue minus both explicit and implicit costs is called
a. accounting profit. b. economic profit. c. average total cost. d. total cost.
Economics