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a) Graph the labor market with efficiency wages.
b) Give a reason why firms would want to offer efficiency wages.
c) Does the presence of efficiency wages increase or decrease the natural rate of unemployment?
Explain the role and function of each agency in a 6- to 9-slide power point presentation with detailed speaker notes Include one significant regulation that each agency enforces.
Suppose a bank discovers its reserves will temporarily fall slightly short of those legally required. How might it remedy this situation through the Federal funds market? Now assume the bank finds that its reserves will be substantially and permanent..
Elucidate situations which use the IS-LM-FX model to illustrate the effects of the shock. For each case, state the effect of the shock on the following variables.
q1. illustrate what are the basic steps in solving for walras equilibrium with two consumers and two commodities given
what will be price of wheat, how much total wheat will be demanded and how many wheat farms will there be.
Which of the subsequent is a Keynesian conclusion about how adjustments occur in a recessionary gap?
Suppose X - M = net exports; T - G = government sector balance; and S - I = private sector balance. What relationship exists among these variables?
Why do you suppose that some publishers are selling space for advertisements in their e-books-- and sometimes even in physical books? From an economic standpoint, how could we explain the willingness of someone to pay 19.99 for a physical book that i..
A gardener can use one of the three brands of fertilizers during the next growing season. The following decision table shows the expected gross income per acre for each fertilizer brand and weather condition for the growing season.
When the price level rises, the long-run aggregate supply curve ________.
A firm sells its product in a perfectly competitive market where or firms charge a price of $80 per unit. Illustrate what price should firm charge in short run.
A monopolist is selling the same product in two different markets, the West Coast and the East Coast. The demand for the product is larger in the West Coast: Demand in the East Coast: P =10 - Q Demand in the West Coast: P = 20 - Q. What price would t..
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