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The theory of factor price equalization suggests that wages eventually will equilibrate if labor is perfectly mobile. Suppose labor is not perfectly mobile. State an example of why labor might not be perfectly mobile. Draw a graph that shows how wages will not equilibrate in this instance, and explain whether the outcome is an equilibrium outcome
If you were the head of the Japanese Central Bank, how would you respond if your goal was to keep the interest rates at the original equilibrium level.
the supply curve for product x is given by qxs -520 20px .a. find the inverse supply curve.p qb. how much surplus
a firm in a purely competitive industry is currently producing 1000 units per day at a total cost of 450. if the firm
Are you concerned that automation may increase unemployment or underemployment in the United States and around the world? Why or why not?
suppose that the reserve requirement is 10 percent and the balance sheet of the peoples national bank looks like the
3. In explaining the 2003 bill to cut taxes, President Bush is quoted as saying, "When people have more money, they can spend it on goods and services."
peter higgins is a sales agent for xzy company. he has an effort cost function of c e2 and a reservation wage of 1500.
craft unions both industrial and craft unions attempt to raise their members wages but each goes about it differently.
Explain and illustrate how each of these events would affect aggregate demand, aggregate supply, and prices, then explain how you would respond with economic policies. Please show illustrations showing the movement of the AS and AD curves.
acme health has three plans it offers to mid-size employers.this basic one costs 4000 for the employee this year plus
a small vessel was purchased by a chemical company for 55000 and is to be depreciated by macrs depreciation. when its
Suppose the wage rates of workers are based on the expected price level. If there is an unexpected increase in AD, it will cause the actual price level to increase. Then workers should raise their expected price level and negotiate a higher wage r..
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