The methods please as well if possible. Thanks Suppose that the economy consists

Question

The methods please as well if possible.

Thanks

Suppose that the economy consists of two groups of individuals: Producers-sellers who produce and sell goods and services Wage earners who work for wages and buy goods and services. If there is an inflation rate of 6% and nominal wages increase by 3%, there is no redistribution of purchasing power the purchasing power is redistributed from producers-sellers to wage earners the purchasing power is redistributed from wage earners to producers-sellers The capacity for long-run economic growth for an economy is determined by the size of its labor force, its capital stock, and productivity of labor and capital. only by labor and capital productivity. only bv its infrastructure. only by technology.

Explanation / Answer

1.)the purchasing power is redistributed from wage earners to producers /selers 2.)only by technology

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