Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Natural Rate of Unemployment: According to neoclassical economics, wage rate is determined by a process of labour-market clearing (in which employers and workers compete with each other, making sure that labour supply equals labour demand). Why, then, do we always observe unemployment? Neoclassical theorists argue that observed unemployment reflects structural, frictional or disguised effects which are consistent with labour market clearing. Or we can say that this ‘natural' level of unemployment is, in fact, full employment. It is fruitless, in this view, to try to decrease unemployment below this natural level: misguided attempts to do so only create inflation. Minimum wages, unions and other ‘market-inhibiting' measures will tend to increase natural rate of unemployment.
illustration for demand of big macs using indifference curve and budget line
IS Mn3O4 basic or amphoteric.
williomson''s model of managerial discretion
State about the prices - Price level Prices are of great significance in macroeconomics as indeed they are in microeconomics. Though, in microeconomics we are more interested i
This method is also known as Experts opinion methods of investigation. In this method instead of depending upon the opinion of buyers and salesmen firms can obtain views of the spe
(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3. (ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of
GROWTH OF EMPLOYMENT OPPORTUNITIES: Policy failure refers to situations: i) When the objectives of public policy are attained partially or inadequately or in a distorted
What are the properties of consumer demand? Properties of Consumer Demand: In this section check the comparative statics of consumer demand behaviour as: how the demand of cons
How does the indifference curve and budget line for a neutral good look like?
hoe does the knowledge of price elasticity of demand important to the government
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd