Question

Say that, given the wonderful weather in the city, many workers from other states move to...

Say that, given the wonderful weather in the city, many workers from other states move to Los Angeles to look for work. As a result

Real wages W/P will remain unchanged

It is not possible to say whether real wages will increase or decrease, it depends on how many workers move to Los Angeles

Real wages W/P will increase in Los Angeles

Real wages W/P will decrease in Los Angeles

None of the above/below

0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Say that, given the wonderful weather in the city, many workers from other states move to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Say that, given the wonderful weather in the city, many workers from other states move to...

    Say that, given the wonderful weather in the city, many workers from other states move to Los Angeles to look for work. As a result Real wages W/P will remain unchanged Real wages W/P will increase in Los Angeles Real wages W/P will decrease in Los Angeles It is not possible to say whether real wages will increase or decrease, it depends on how many workers move to Los Angeles None of the above/below QUESTION Say that firms pay a...

  • QUESTION 18 Say that the economy is in steady state. Assume now that the government implements...

    QUESTION 18 Say that the economy is in steady state. Assume now that the government implements an important educational program that makes college more accessible to the population. As a result, there is an improvement of technology and productivity in the economy. The other parameters in the economy remain constant. Comparing the new steady state with the original steady state, you can claim that output per worker and capital per worker have risen output per worker has risen, but capital...

  • Note: All Supply and Demand questions are ceteris paribus– that is only assuming the given changes...

    Note: All Supply and Demand questions are ceteris paribus– that is only assuming the given changes in the problem 1. San Francisco, and California in general, has very restrictive policies on building living spaces. (The city of Houston from 2011 to 2014 authorized more 1 unit building permits than all of California from 2011 to 2014). With (assume) a fixed housing stock but many tech workers moving to the city, the effect is ________ prices due to a ________ shock....

  • ECON50 25. Sectoral shifts in demand for output increase unemployment due to job search. From time...

    ECON50 25. Sectoral shifts in demand for output increase unemployment due to job search. From time to time the demand for workers has risen in one region of the United States and fallen in another. This illustrates a frictional unemployment created by efficiency wipes. b. structural unemployment created by efficiency wages. c. frictional unemployment created by sectoral shifts d structural unemployment created by sectoral shifts Hint: One company closes out in one location while other companies open up in other...

  • Beating the traffic All big cities have traffic problems, and many local authorities try to discourage...

    Beating the traffic All big cities have traffic problems, and many local authorities try to discourage driving in the crowded city center. If we think of an auto trip to the city center as a good that people consume, we can use the economics of demand to analyze anti-traffic policies. One common strategy is to reduce the demand for auto trips by lowering the prices of substitutes. Many metropolitan areas subsidize bus and rail service, hoping to lure commuters out...

  • 1. Which of the following is not a property of the aggregate demand curve? It shows...

    1. Which of the following is not a property of the aggregate demand curve? It shows the relationship between the overall price level and level consumption. It shows the price level on the vertical axis and output on the horizontal axis. The aggregate demand curve slopes downward. It shows the relationship between the overall price level and the level of total demand. 2. When the price level increases people: feel more wealthy. have the same real value of assets, regardless...

  • In the market for televisions, the price of a television falls and nothing else changes. Price...

    In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...

  • Three days before Hurricane Harvey hit Texas, hardware retailer Home Depotreceived an alert from a weather...

    Three days before Hurricane Harvey hit Texas, hardware retailer Home Depotreceived an alert from a weather service and activated its disaster-response plan to get supplies to those in the storm’s path, while turning a profit, too. Over the next three days—as Harvey gained power and made landfall early on Saturday—the world’s largest home improvement retailer set up a temporary hurricane command center at its Atlanta headquarters. It told managers to freeze prices and move plywood, generators, chainsaws and other storm-related...

  • Questions-Kevin Sparks of Blue Cross and Blue Shield of Kansas City had a difficult time convincing...

    Questions-Kevin Sparks of Blue Cross and Blue Shield of Kansas City had a difficult time convincing his people of the need for change. What would you have suggested he do before you read the case? What about afterwards? How did your recommendations change as a result? Blue Cross and Blue Shield, and Others: Understanding the Science behind Change Kevin Sparks has been trying to get his staff to change the way it monitors and supports the data center for the...

  • 2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely...

    2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely to save, that is, sell a financial asset. B. more likely to save, that is, sell a financial asset. C. less likely to save, that is, purchase a financial asset. D. more likely to save, that is, purchase a financial asset. I. In 2. If commercial banks hold all their assets in the form of required reserves: A. only they will be able to...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT