Explain the labor market in the cross model, Macroeconomics

Assignment Help:

Q. Explain the labor market in the cross model?

In cross model, both P and W are exogenous andconstant. Hence real wage is constant and it is not essentially equal to the equilibrium real wage. Model of the labor market in the cross model can be explained by the below figure:

1001_Explain the labor market in the cross model.png

Figure: The labor market in the cross model


Related Discussions:- Explain the labor market in the cross model

.sohkhlet, What do is and LM curve signify?

What do is and LM curve signify?

Measurement of output, Different approaches to measure aggregate output

Different approaches to measure aggregate output

Application of theory of consumer behavior, Application of Theory of Consum...

Application of Theory of Consumer Behavior As already discussed earlier, the theory is an important tool to interpret and analyse demand curves. Apart from its usefulness as a

Exchange rate, what are the types of exchange rate

what are the types of exchange rate

Desired aggregate spending, Desired Aggregate Spending Desired aggregat...

Desired Aggregate Spending Desired aggregate spending refers to the volume of purchases of the currently produced goods and services that all spending units in the economy wish

Says law , is there a graph for says law?

is there a graph for says law?

Free trade help the u.s. economy, Why and how does free trade help the U.S....

Why and how does free trade help the U.S. economy? How might free trade hurt the U.S. economy?

Robert''s new way vacuum cleane, Robert's New Way Vacuum Cleaner Company is...

Robert's New Way Vacuum Cleaner Company is a newly started small business that produces vacuum cleaners and belongs to a monopolistically competitive market. Its demand curve for t

Maximization, Prepare an essay regarding the concept of maximization and th...

Prepare an essay regarding the concept of maximization and the assumptions associated with the behavior of the economic man.

Write Your Message!

Captcha
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!

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