Refer to the scenario above. Tom will receive ________ if he raises his left hand and Sam raises his right hand

Analyze the short-run and long-run effects of an unanticipated decrease in the money supply in the misperceptions model. Tell what happens to output, the price level, and the expected price level in both the short run and long run

What will be an ideal response?

The wage gap between skilled and unskilled worker has

a. risen; some economists argue that this is partly due to increased international trade. b. risen; some economists argue that this is partly due to decreased international trade. c. fallen; some economists argue that this is partly due to increased international trade. d. fallen; some economists argue that this is partly due to decreased international trade.