Temporary changes in technology, A, conflict with the data in that:
A) investment is clearly acyclical.
B) consumption is clearly procyclical.
C) the wage rate is clearly countercyclical.
D) all of the above.
Correct Answer:
Verified
Q42: An increase in the interest rate induces
Q43: What does the model predict about investment
Q44: We expect that an increase in real
Q45: A higher real wage:
A)increases the income of
Q46: When the labour supply of households is
Q48: A higher interest rate makes:
A)current consumption and
Q49: A higher interest rate makes:
A)current consumption and
Q50: Intertemporal substitution effects motivate households to:
A)supply more
Q51: The measure of labour productivity used in
Q52: If there is a positive technological change,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents