User Account

All Pages

What is price-wage rigidity

Assignment Help Microeconomics
Reference no: EM132004992

Question: Classical economists belief that prices and quantities adjust to the changes in the forces of supply and demand and that the economy produces its potential output in the long run. On the contrary, Keynesian economists believe because of price and wage rigidities the economy's equilibrium output in the long run may be less than its potential output. What is price-wage rigidity? Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?

250 words

Reference no: EM132004992

Questions Cloud

Define and explain the crisis of the third century : Define and explain the crisis of the third century. What was the significance? Why was it important?
How do you form your thoughts of who god is : Everyone is a theologian because everyone has thoughts about God. The question is whether or not a person is a faithful theologian.
Significance of roman monarchy : Define, and explain the significance of Roman Monarchy. why is the significance, why does it matter
Compute the amount of the liability : With some of its products, Schmitt Company includes coupons that are redeemable in merchandise. Compute the amount of the liability that should appear
What is price-wage rigidity : Classical economists belief that prices and quantities adjust to the changes in the forces of supply and demand and that the economy produces its potential.
Describe community resources the families in the community : Two slides describing community resources the families in the community could access to promote the healthy development and learning of their children.
Compute the first years depreciation using straight-line : The Zamboni is anticipated to drive 352 miles the first year, 375 miles the second year, Compute the first years depreciation using Straight-line
Discuss the connection between these two men : Discuss the connection between these two men. Remember to include political and military connections as well as their political alliances if relevant.
Evaluate a company recent actions dealing with risk : Evaluate a company's recent (within the last year) actions dealing with risk and uncertainty. Difference between risk and uncertainty.

Reviews

Write a Review

Microeconomics Questions & Answers

  Build and validate a multiple regression model

Interpret the coefficients of the regression model. Which independent variable has the strongest impact on the dependent variables

  What would the costs of each action be how would you make

sometimes market activities production buying and selling have unintended positive or negative effects outside the

  Explain what is the current level of unemployment

Using data from the Bureau of Labor Statistics, explain what is the current level of unemployment? What is the current level of inflation?

  Hormone free dairy milk has been found to be potentially

hormone free dairy milk has been found to be potentially more beneficial and healthy. consider the market for this

  International businesses adopt technology to improve

international businesses adopt technology to enhance effectiveness. why is leadership in a digital world more

  When and where did the customs originate how have they

within the discussion board area write 400-600 words that respond to the following questions with your thoughts ideas

  Are high cable prices evidence of monopoly power

F.C.C. Planning Rules to Open Cable Market The Federal Communications Commission (F.C.C.) is setting new regulations to open the cable television market.

  Determining maximum amount of profit

What is the profit-maximizing price of carpets? What is the maximum amount of profit that the firm can earn selling carpets?

  Write out the payoff matrix

If boyh bid the same amount, the $100 is split evenly between them. assume that eac of them has only two $1 bills on hand, leaving three possible bids: $0, $1,or$2 Write out the payoff matrix for this game and then find it's Nash equilibrum

  Systems is a manufacturer of vertical compactors

V-Tek Systems is a manufacturer of vertical compactors, and it is examining its cash flow requirements for the next five years. The company expects to replace office machines and computer equipment at various times over the 5-year planning period.

  Why would banks tend to lend more in booms

Why would banks tend to lend more in booms and less in downturns and what do these proposals mean for the RBA's policy of targeting inflation?

  Describe the range of public to private funding sources

Provide examples of sports organizations advantageously navigating the landscape of media options. Sum up your ideas in 200-250 words - what specific options do they have for generating the necessary financing?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd