Generate higher real wages and less labor

Assignment Help Business Economics

Reference no: EM131238837

Consider the Classical model. Which of the following situations/shocks would generate higher real wages and less labor?

A. A new bill is passed to decrease minimum nominal wage

B. The opening of new colleges throughout the country attracts more young professionals back to school

C. New technology makes labor more efficient

D. The proliferation of ATMs increases money velocity in the economy.

Reference no: EM131238837

Questions Cloud

What is number of schools that achieves static efficiency : A country is deciding how many schools to open in a given state. The costs and benefits per school are given by: Total Benefits = 314S -1.6S^2. Total Costs = 50S + 1.7S^2. What is number of schools that achieves static efficiency?

About the rubbish disposal areas : A city needs to choose area rubbish disposal areas. Area A: A gravel pit has a capacity of 16 million cubic meter. Owing to the possibility of high groundwater the Regional Water Pollution Control Board has restricted the lower 2 million cubic meters..

How can you estimate the impact of the policy change : You are hired by the government to evaluate the impact of a policy change that affects one group of individuals but not another. Suppose that before the policy change, members of a group affected by the policy averaged $17,000 in earnings, and member..

Generate higher real wages and less labor : Consider the Classical model. Which of the following situations/shocks would generate higher real wages and less labor?

Why do we have government-what is reason for its existence : Why do we have government? What is the reason for its existence? Is there any value to us as citizens for it? Another way to look at it, is what does government or what should government produce or create for us, its citizens?

Positive fiscal impact from immigration : Which of the following has a positive fiscal impact from immigration? a) military and veterans spending b) interest paid on the Federal government debt c) the social security program d) K-12 education funded by local property taxes

Wages and employment of native-born workers is based : The idea that immigration lowers the wages and employment of native-born workers is based on:

The mainstream economic view of immigration will predict : The mainstream economic view of immigration will predict: decreasing border security to make it easier to come to the United States will decrease unauthorized immigration of family members. that countries whose location is farther from the United Sta..

User Account

All Pages