According to the classical dichotomy, which of the following is not influenced by monetary factors?
a. real GDP.
b. real wages.
c. real interest rates.
d. All of the above are correct.
d
Economics
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Refer to the scenario above. What is the absolute value of Gary's arc elasticity of demand for shirts?
A) 1.2 B) 2.14 C) 3.26 D) 5
Economics
If the nation's capital stock increases so that workers become more productive, the
A) demand for labor will increase. B) supply of labor will increase. C) demand for labor will decrease. D) supply of labor will decrease.
Economics