Suppose the economy is in equilibrium in the first period at pointa. in the second period, the economy reaches pointb. what policy would the fed likely pursue in order to move ad 2 to ad subscript 2 comma policy and reach equilibrium (pointc. in the second period? (what policy will increase the price level and increase actual real gdp? )a. open market purchase of government securitiesb. increase the discount ratec. decrease taxesd. increase the reserve requirement

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.