An increase in the expected price level will
a. increase labor supply, money wages, decrease the price level and income.
b. decrease labor supply, increase money wages, decrease the price level and income.
c. decrease labor supply, decrease money wages, and decrease the price level and income.
d. increase labor supply, decrease money wages, decrease the price level, and increase income.
B
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Game theory is used to analyze the interactions among firms in ________
A) oligopoly B) perfect competition C) monopoly D) monopolistic competition E) Both answers A and D are correct.
The required reserve ratio ranges from
A) 0 to 3 percent. B) 0 to 7 percent. C) 3 to 30 percent. D) 0 to 10 percent.
From the data, the USA:
Alternate Outputs from One Day's Labor Input: USA: 12 bushels of wheat or 3 yards of textiles. India: 3 bushels of wheat or 12 yards of textiles. a. has an absolute advantage over India in the production of textiles. b. has an absolute advantage over India in the production of wheat. c. has a comparative advantage in the production of textiles. d. should export textiles to India.
Monetizing the deficit contributes to the inflationary pressures that are already present in the economy
a. True b. False Indicate whether the statement is true or false