Homework Answers
Answer: a. Willingness of workers to supply the labour
Labour's will play a main role and it impacts the supply side of the labour market. The demand depends on how much of labour hours labours are willing to allocate. The supply will be very less when very few labour are willing to work and the supply will be higher when more labour hours are available.
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Market-clearing theories of the labour market suggest that fluctuations in employment and wages can be caused...
59. Market equilibrium A market equilibrium is a quantity-price pair in which: A. The government equates the selling and buying price of The price is such that the quantity demanded is equal to t...
59. Market equilibrium A market equilibrium is a quantity-price pair in which: A. The government equates the selling and buying price of The price is such that the quantity demanded is equal to the The level of happiness among people is as high as possible. supplied quantity supp A price increase would cause people to want to buy 1 of the good. E. The supply curve and demand curve are equivalent. The Marginal Product of Labor (MPL) is equal to...
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1. Which of the following is not a property of the aggregate demand curve? It shows...
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7. Which one of the following is an example of the circular flow model and shows...
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2. Match the following terms with their definitions Answers Misperceptions Theory Exchange-rate effect Interest-rate effect Sticky-Wage Theory Full-employment output Options The production of goo...
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Structural unemployment is caused by changing patterns of labor demand. real wages being inflexible downward. high...
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meh talucquClass: Date: Sweet Sixteen Multiple Choice Identify the choice that best completes the statement or...
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1. A self-employed woman marries the man she has been paying to do her accounting. After...
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pls answer all. i will like and thumbs up While economists measure unemployment at the macroeconomic...
pls answer all. i will like and thumbs up
While economists measure unemployment at the macroeconomic level, microeconomic forces are often responsible for this macro aggregate. In other words, the tie between microeconomics and macroeconomics is inevitable when discussing the level of unemployment in an economy. Suppose the following graph represents the market for unskilled labor in a fictional economy. These workers typically represent the young, inexperienced, or uneducated part of the labor force and are therefore most effected by...
59. Market equilibrium A market equilibrium is a quantity-price pair in which: A. The government equates the selling and buying price of The price is such that the quantity demanded is equal to the The level of happiness among people is as high as possible. supplied quantity supp A price increase would cause people to want to buy 1 of the good. E. The supply curve and demand curve are equivalent. The Marginal Product of Labor (MPL) is equal to...
7. Which one of the following is an example of the circular flow model and shows the interdependence of households and firms? a. The firms go to the resource market to supply resources that households demand and, in turn, provide households with the goods and services produced for the product markets. b. Households demand their resources from the firms in the factor markets and, in turn, supply in the product market the goods and services produced by firms. c. The...
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meh talucquClass: Date: Sweet Sixteen Multiple Choice Identify the choice that best completes the statement or answer the question. 1. Classical economists believed that: a. price flexibility automatically directs market economies to full employment. b. budget deficits and surpluses were necessary for the control of economic fluctuations. c. market economies suffer prolonged periods of recessions and depressions d. market economies are inberently unstable because of fluctuating aggregate demand. 2. The popular theory prior to the Great Depression that the economy...
pls answer all. i will like and thumbs up
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