Multiple Choice
Figure 17-1
-In the Friedman "Fooling Model" a ________ causes the labor supply curve to shift,and in Figure 17-1 above,if the initial equilibrium is at point C then,the new level of price expectations,POe is ________ than the initial level of Pe.
A) change in the money supply;less than
B) change in real wages;less than
C) change in nominal wages;greater than
D) change in price expectations;greater than
Correct Answer:
Verified
Correct Answer:
Verified
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