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Suppose that the labor market has a perfectly inelastic supply consisting of union and non-union workers, and both groups of workers initially earns perfect competition. What happens at the level of the balance of work and wages for union workers if the union bargaining power drills?
a. Both Increase.
b. Employment increases and wage declines.
c. Wage increases and employment declines.
d. Both decline.
Use the GG-LL diagram to show how an increase in the size and frequency of unexpected shifts in a country's money demand function affects the level of economic integration with a currency area at which the country will wish to join.
Determine the percentage change for the two years. Please explain why there was a drastic change and what this meant for the U.S. population?
THe production function is y= a * Ka * L1-a, If a= 0.3, and over the past year total factor productivity grew 2.3 percent, capital grew 2 percent, and labor grew 3 percent, what was the growth rate of output?
Illustrate what are the best goals for the Fed. Should it lean toward restraint or toward expansion.
Are there any current subsidy or welfare issues?
Explain why do people who work at investment banks earn so much. What is the justification for capital requirements imposed by bank regulators.
Illustrate what is the cost of the same basket of goods and services in 2005.
Many cities regulate taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab, where enforcement officials can easily see it.
Suppose that you are given a sorted sequence of distinct integers{a1,a2,...,an}.Give an O(lgn) algorithm to determine whether there exists an i index such as ai=i.For example, in {-10,-3,3,5,7}, a3=3.In {2,3,4,5,6,7}, there is no such i.
As a portfolio manager whose company has investments in a country with a high level of debt what would you do to raise your companies profit or protect their interest if;
Elucidate why this information does not allow you to establish limits on the terms of trade between these two countries.
Is it ethical for a government to act in ways that “socialize” financial risks or losses? Is it ethical to do so while privatizing gains/profits? Or to do so in ways that favor wealthier citizens while imposing risks on less wealthy taxpayers (or vic..
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