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Figure 17-1 -In the Friedman "Fooling Model" a ________ Causes the Labor

question 144

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Figure 17-1
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
-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.


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