1 i) A rising real wage and employment level can be explained by a a) decrease...
1 i) A rising real wage and employment level can be explained by a a) decrease in productivity; b. an increase in the time endowment (labor force participation rate); c. an increase in productivity and time endowment; d. an increase in productivity.
Homework Answers
A rising real wage anda employment level can be explained by an increase in productivity and time endowment because rising real wage can be explained by labor demand increases by more than labor supply. Hence, option(C) is correct.
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1 i) A rising real wage and employment level can be explained by
a a) decrease...
3) . A rising real wage and employment level can be explained by a. a decrease in productivity; b. an increase in the ti...
3) . A rising real wage and employment level can be explained by a. a decrease in productivity; b. an increase in the time endowment (labor force participation rate); c. an increase in productivity and time endowment; d. an increase in productivity.
In the figure below, when employment is at the level at point C, the wage-setting curve...
In the figure below, when employment is at the level at point C, the wage-setting curve lies below the price setting curve. Assume inflation is zero at point A In a competitive system, firms will begin to prices and this will start a process of Waresting curve Labour productivity Real profit per worker (High unemployment) Price setting curve (Low unemployment Real wage Real wage per worker Employment, N Employment at labour market equilibrium reduce inflation increase inflation Firms will cut...
An increase in the minimum wage could: a) reduce employment and decrease income. b) increase employment...
An increase in the minimum wage could: a) reduce employment and decrease income. b) increase employment and decrease income. c) increase employment and increase income. d) reduce employment and increase income.
all question pls 1. Define GDP, Real GDP, and NDP 2. Explain the effect of change...
all question pls
1. Define GDP, Real GDP, and NDP 2. Explain the effect of change in labor productivity and change in the exchange rate on the AD and SRAS curve. 3. Explain what factors can shift the AD curve and what can create a movement along the AD Curve? 4. Discuss what factors can shift the SRAS curve? 5. Can an increase in wage rate influence the SRAS curve? 6. Define CPI? How can you calculate inflation rate from...
1. The reservation wage likely increases when A. the price of consumption increases. B. the wage...
1. The reservation wage likely increases when A. the price of consumption increases. B. the wage increases. C. the price level (of consumption and wages) increases. D. non-labor income increases. E. one is a discouraged worker. 2. Due to the added worker effect, the labor force participation rate A. increases during a recession. B. decreases during a recession. C. a fairly useless statistic. D. over-counts the number of workers wanting a job. E. over-counts the number of workers with a...
can someone explain please Question 5 0/2 pts Which of the following is most likely to...
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
What will happen to the equilibrium wage rate and level of employment in the labor market...
What will happen to the equilibrium wage rate and level of employment in the labor market if there is an increase in labor demand and an increase in labor supply? Be specific with respect to the impact on wages and employment.
What will happen to the equilibrium wage rate and level of employment in the labor market...
What will happen to the equilibrium wage rate and level of employment in the labor market if there is an increase in labor demand and an increase in labor supply? Be specific with respect to the impact on wages and employment.
50 of 64 (28 complete) This Question: 2 pts Real wage rate (2009 dollars per hour)...
50 of 64 (28 complete) This Question: 2 pts Real wage rate (2009 dollars per hour) a large increase in investment increases labor productivity, explain what happens to a. Potential GDP. b. Employment The real wage rate When labor productivity increases, there is the production function and in potential GDP. O an upwards of an increase OB. a movement up along; an increase OC. a movement up along; no change OD an upward shino, no change Draw a later supply...
This Question: 2 pts < 26 of 64 (10 complete) Real wage rate (2000 dollars per...
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In the figure below, when employment is at the level at point C, the wage-setting curve lies below the price setting curve. Assume inflation is zero at point A In a competitive system, firms will begin to prices and this will start a process of Waresting curve Labour productivity Real profit per worker (High unemployment) Price setting curve (Low unemployment Real wage Real wage per worker Employment, N Employment at labour market equilibrium reduce inflation increase inflation Firms will cut...
all question pls
1. Define GDP, Real GDP, and NDP 2. Explain the effect of change in labor productivity and change in the exchange rate on the AD and SRAS curve. 3. Explain what factors can shift the AD curve and what can create a movement along the AD Curve? 4. Discuss what factors can shift the SRAS curve? 5. Can an increase in wage rate influence the SRAS curve? 6. Define CPI? How can you calculate inflation rate from...
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
50 of 64 (28 complete) This Question: 2 pts Real wage rate (2009 dollars per hour) a large increase in investment increases labor productivity, explain what happens to a. Potential GDP. b. Employment The real wage rate When labor productivity increases, there is the production function and in potential GDP. O an upwards of an increase OB. a movement up along; an increase OC. a movement up along; no change OD an upward shino, no change Draw a later supply...
This Question: 2 pts < 26 of 64 (10 complete) Real wage rate (2000 dollars per hour Draw a labor supply curve and a labor demand ourve. Label them LS, and LD Draw a point the equilibrium quantity of labor and the equilibrium real wage rate. Labelt 1. Draw and label a curve that shows the effect of an increase in labor productivity Draw a point at the new equilibrium quantity of labor and the equilibrium real wage rate Labelit...
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