a. Why firms pay efficiency wage to their labor? b. According to efficiency wage model, how the efficiency wage and employment are determined? Explain by using graphs. c. Does the theory’s implication match with the business cycle facts about the cyclicality of efficiency wage? Why?

Q: Please as soon as possible.thank you Question 1) Following Okun's Law, how much is current…

A:

Q: 3. If nominal GDP increases then real GDP increases. A Always if inflation is positive B Never is…

A: Real GDP is nominal GDP adjusted for inflation.  If inflation is positive, increase in nominal GDP…

Q: true of false and explain ? An economy sees its long-run unemployment rate increase from 5% to 12%…

A: The following problem has been answered as follows:

Q: Use the data below that describes a nation's population to answer the Ollowin a) How many people are…

A: The labor force consists of a part of the population that is employed as well as unemployed. People…

Q: Write in detail about business cycle with example of an economy(Country)

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: a) Which of the following is not true? Frictional unemployment on the labor market arises from a…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Percent of abor Force 10% Line A Line B 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 'hat…

A: Unemployment refers to a scenario in which the people belonging to the working group, who are able…

Q: Which type of unemployment is experienced by an individual who has just finished completing his…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Economists who support a hands - off approach believe that a cause of business cycles is O A.…

A: The fluctuation in the economic activity is tracked by the business cycle. In an economy, the fall…

Q: 3. Using your own words, explain the natural rate of unemployment. Is there a country where th…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: (c) What is meant by zero unemployment? (d) Is 'zero unemployment' desirable? Explain

A: c) Full employment is a concept in which anyone who is willing and capable of working will find a…

Q: plete a table showing the unemployment rate, inflation rate and economic growth rate for 2009 18 for…

A: *Answer:

Q: a. Why firms pay efficiency wage to their labor? b. According to efficiency wage model, how the…

A: As there are multiple questions, the first question would be answered. To get answers to the rest of…

Q: Based on the figure, which of the following statements is true? O The unemployment rate increased in…

A: GDP growth rate is calculated by taking the ratio of nominal GDP to the real GDP and multiplying it…

Q: (a) Calculate the labour force participation rate in New Rugbyland. (b) How many people are employed…

A: Hi! thanks for the question but as per the guidelines, we can answer up to three subparts at one…

Q: Economists who support a hands - off approach believe that a cause of business cycles is O A.…

A: The cyclical movement of an economy as it swings from growth to recession and again is known as an…

Q: Outline the four (4) types of unemployment,

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: í current unemployment rate is equal to natural rate of unemployment, then: a. inflation is high.

A: Unemployment means the people are unemployed and not working. It means the people are a part of the…

Q: Macroeconomic information for an economy is given below. (a) How much productive did labor become…

A: Answer  to the question is as follows:

Q: If in Canada the working-age population is 38 million, 18.5 million are employed, 1.5 million are…

A: Unemployed are those who falls in working age bracket, are able and willing to work at the going…

Q: QUESTION 2 Refer to the accompanying data, which is for a specific year in a hypothetical economy…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: 23. Based on the decennial pattern of cycles, how would the return of the Dow Jones Industrial…

A: Answer:  A) The return would be better.   Explanation: The decennial pattern theory states that…

Q: 1. Write a sentence or two defining the following terms in your own words. Give examples of each.…

A: Demand is the total quantity of products and services for which the customers are willing to pay…

Q: OR owth rate 10.9% 5.1% -3.2% 0.3% ployment rate 1.5% 3% 10.1% 7.2% on rate 6% 3.8% -1% 1.5% 4.…

A: The business cycle is the ups and downs of the economy wherein the output, employment as well as…

Q: 9. In Chapter 4 your text discusses Joseph Schumpeter and creative destruction. What type of…

A: Creative destruction refers to a situation where new technology is replacing old technology. New…

Q: 1. What are the critiques of the term development 2. What is formal Employment?

A: Critiques of development Development may not be overall due to income inequality.Social and economic…

Q: If cyclical unemployment is 2% and potential GDP is $100 million. GDP gap is?

A: Cyclical unemployment is the form of overall unemployment that results directly from cycles of…

Q: none) do you observe between (i) economi

A:

Q: According to the real business theory the source of the a recession is a slowdown in the growth rate…

A: Recession occurs due to decrease in quantity of money or money supply.

Q: 300 200 100 1260 1348 1800 2000 Peasants Kett's Glorious rebellion rebellion Revolution 1380 1440…

A: Populace, the efficiency of work, and standards of living might cooperate to deliver an endless loop…

Q: Suppose the number of employed people in Pakistan is 20.5 million. The unemployment rate in this…

A: Number of employed is given as 20.5 million. Unemployment rate = 8.8 % Thus, employment rate = 100 -…

Q: If the natural rate of unemployment was 6%, the current unemployment rate was 8%, and the potential…

A: In economics, Okun's law provide information about the connection between the output growth and…

Q: a)  Explain with reference to the forecast data in these tables why you think that the RBA saw a…

A: Meaning of Inflation: The term inflation refers to the situation under which there is an excessive…

Q: An economy has an unemployment rate of 11% and real GDP grows by 2.5% annually. A treasury official…

A: Okun’s law gives the theoretical construct about the relationship between unemployment and GDP,…

Q: Suppose the number of employed people in Pakistan is 20.5 million. The unemployment rate in this…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Question 3 Imagine that you are a lender in a loan contract with a nominal interest rate of 14…

A: Question 3 a) Ex ante real interest rate = nominal interest rate - expected inflation = 14% - 5% =…

Q: Complete a table showing the unemployment rate, inflation rate and economic growth rate for 2009 –…

A: In economic activity, business cycles area unit outlined as periods of growth followed by periods of…

Q: n the beginning of a recovery after a recession, employment begins to rise and the news media report…

A: The term labour force is defined as that part of the population which is actively searching for…

Q: Suppose that a borrower and a lender agree on the nominal interest rateto be paid on a loan. Then…

A: The substantial increase in the price level refers to as the inflation rate. A high inflation rate…

Q: b. Explain in some detail the 4 phases of the business cycle, Please don’t include Depression as one…

A: Business Cycle: It refers to the fluctuation (rise or fall) in the economic trade that occurs over…

Q: (c) Why is the unemployment "inflation-stabilizing rate of rate in labour market equilibrium also…

A: Labor market equilibrium occurs at the point where the labor demand is equal to the labor supply for…

Q: C. Define the employment ratio. D. Define the civilian unemployment rate. What causes the…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Suppose the unemployment rate was 7.4 percent, far above the full-employment threshold (= 5…

A: Unemployment is the situation where the workers who are willing to and able to work but unable to…

Q: Peasants Kett's Glorious Revolution rebellion rebellion 20 1380 1440 1560 1740 1500 1620 1680 1800…

A: As populace increments, per capita accessible income decays. Individuals are re-quired to take care…