In general output per hour rises at _____ real wages.
A. a much higher rate than
B. a somewhat higher rate than
C. about the same rate as
D. a somewhat lower rate than
C. about the same rate as
Economics
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"As the saying goes, the only sure things in life are death and taxes. This saying points out the result that everything having to do with taxes is an automatic fiscal policy." Is the preceding analysis correct or incorrect? Explain your answer
What will be an ideal response?
Economics
One criticism of the new classical model is that it does not have an adequate explanation for
a. rising prices and output. b. short-run effects of monetary policy on output. c. how optimizing individuals form their expectations. d. the Great Depression. e. both c and d.
Economics