Memory of the supply shocks of the 1970s ________ the growth of real-business-cycle theory, while it was being ________ by new classical work on model-building methods
A) assisted, assisted as well
B) assisted, hindered
C) hindered, assisted
D) hindered, hindered as well
A
Economics
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Refer to Table 4-4. Suppose that the quantity of labor supplied decreases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
A) W = $9.00; Q = 330,000 B) W = $8.00; Q = 390,000 C) W = $10.00; Q = 350,000 D) W = $9.50; Q = 370,000
Economics
Which of the following is treated differently in computations of GNP as compared with GDP?
A. Intermediate goods. B. The value of services performed by housewives. C. Goods produced by U.S. firms located in foreign countries. D. Sales in the underground economy.
Economics