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Assume the firm mark up over the cost is 10% and the wage setting equation is W=P (1-u) where U is the unemployment rate.
a) Search the real wage rate implied by the price setting equation.
b) Examine the natural rate of unemployment.
c) Place the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.
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Case Study Methods ( In Depth Interview): In relatively less known areas where there is little experience and theory available to serve as a guide intensive study of
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Central States Electric Company estimates its demand on time (in millions of kilowatt hours 0 to be: D = 77 + 0.43Q where Q refers to the sequential quarter number and Q = 1 fo
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