The classical economics explanation of labor markets

Assignment Help Business Economics

Reference no: EM13983980

An efficiency wage ____ equate the quantity demanded and quantity supplied of labor and therefore _____ be consistent with the classical economics explanation of labor markets.

a. does---would

b. does not---would

c. does--would not

d. does not---would not

Reference no: EM13983980

Questions Cloud

Underconsumption is very similar to keynes concept : What Marx called "underconsumption" is very similar to Keyne's concept of

What is the federal funds rate-what is the discount rate : The Bank of Key West is not going to have enough reserves at the end of the business day to meet its reserve requirement of 10%. It currently has two options to borrow money overnight in order to meet the requirement. What is the federal funds rate. ..

Although there can be many definitions of socialism : Although there can be many definitions of socialism, which of the following is the least likely to be part of a definition?

Most important debates during the constitutional convention : One of the most important debates during the Constitutional Convention in 1787 was about the power and size of government. If the Founding Fathers could view the government of the United States today, which side of that debate would think that they w..

The classical economics explanation of labor markets : An efficiency wage ____ equate the quantity demanded and quantity supplied of labor and therefore _____ be consistent with the classical economics explanation of labor markets.

Supply-side economics advocates : Supply-side economics advocates

What are the political problems with using fiscal policy : Pros and cons of active stabilization policy using fiscal policy. What are the benefits and cost or each option? What are the political problems with using fiscal policy?

What are the issues related to exchange rates : What are the issues related to exchange rates - their impact on national economies when they change, their different equilibrium concepts (PPP and IP), how governments manage them (fixed or flexible or in-between)?

Assume that the economy is starting at long-run equilibrium : Assume that the economy is starting at a long-run equilibrium. Suppose firms become very optimistic about business conditions and invest heavily in new capital equipment. Assume there is no change in the long-run aggregate supply curve. What is the e..

User Account

All Pages