Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the real business cycle? theory, technological change A. can initially decrease productivity. B. is caused by changes in productivity. C. never increases productivity.


According to the real business cycle? theory, technological change

A.

can initially decrease productivity.

B.

is caused by changes in productivity.

C.

never increases productivity.

D.

always increases productivity.

---------------------------------------------

Suppose the country of Mooland imposes tariffs on imported beef from the country of Aqualand. As a result of the? tariffs, the

A.

quantity of beef imported by Mooland decreases.

B.

quantity of beef exported by Mooland increases.

C.

price of beef in Mooland falls.

D.

quantity of beef imported by Mooland increases.

---------------------------------------------------------------------

As the money wage rate? rises,

A.the

shortminus?run

aggregate supply curve shifts rightward.

B.both the

longminus?run

aggregate supply curve and the

shortminus?run

aggregate supply curve shift leftward.

C.the

longminus?run

aggregate supply curve shifts rightward.

D.the

shortminus?run

aggregate supply curve shifts leftward.

Step by Step Solution

3.40 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

1 According to the real business cycle theory technological change B is caused by changes in product... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Principles Applications And Tools

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

7th Edition

978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234

More Books

Students also viewed these Economics questions