What do we mean when we say that MRP is based on dependent demand?

Q: What does the assumption of market clearing imply?(Explain) and How applicable is this assumption to…

A: Assumption of market clearing implies that at a particular price, quantity demanded equals quantity…

Q: According to the Permanent Income Hypothesis (PIH), what should a consumer do if she receives news…

A: According to the PIH hypothesis, as the permanent component of a consumer's wage rises, she will…

Q: Explain neoclassical theory of distribution.

A:

Q: what are the effects and consequences of deflation?

A: Deflation is also known as negative inflation. It is a situation where the general price level of…

Q: The 2008 financial crisis had a dramatic impact on the wealth of households. Since then, has…

A: Years before the financial crisis of 2007-2009, cheap credit and loose lending regulations fostered…

Q: Problem 2 Y MPL 1,8 3 2,4 2,9 3,3 6. 3,6 7 3,8 2.1 Fill the table above computing the MPL for every…

A: Meaning of Marginal Product Of Labor: The term marginal refers to an extra or an addition and here…

Q: Non-market-clearing theories assume that wages do not instantly to clear the market. Arecessionary…

A: Non-market-clearing theories assume that wages do not instantly changing to clear the market. A…

Q: What is the relationships of interest rate to unemployment under the Keynesian Theory of Wages?

A: Keynes stated that the interest rate changes and try to balance the supply and demand for money in…

Q: The discount rate refers to the prime interest rate. O True O False

A: Discount rate is the rate at which central bank issues loans to its banks.

Q: u are hired by the government to evaluate the impact of a policy change that affects individuals but…

A: Difference in-differences approach endeavors to quantify the impacts of an abrupt change in…

Q: of seniorit

A: Wages tend to rise with seniority since training is in turn productive while the value of marginal…

Q: Define the term fixed asset?

A: An asset can be defined as a resource with economic value that purchased by an individual,…

Q: If output is $7500, the level of capital is 600, capital's share of total income is 0.6, and the…

A: The central idea of neoclassical distribution theory is that money is earned through the production…

Q: Define the contingent worker?

A: Contingent workers are defined as freelancers, independent contractors, consultants, or other…

Q: The below graph shows the optimal asking wage. Suppose another individual with the same wage…

A: Marginal Cost (MC) refers to the rise in the total cost if one extra unit of a good or service is…

Q: If someone were counted in the numerator of the headline unemployment rate, would they also be…

A: Headline Unemployment Rate It is the percentage of unemployed people in the country who are not a…

Q: o engage in a behavior that makes you as the employee look better but not increase fir O distortion.

A: Answer is scope. The creation of one good reduces the cost of producing another related good, which…

Q: Q1 a) Briefly explain why the discount factor could credibly be interpreted as the probability of…

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

Q: What is the relationship between the low-interest rate and inequality?

A: The central bank's political economy policy is thought as financial policy. it's a demand-side…

Q: Can you explain the . pure expectation theory, preferred habbit theory, biased expectations theory…

A: Pure expectation theory asserts that expected future rates are exclusively represented by the…

Q: What happens to the wage rate as the non pecuniary of a job increase?

A: Non pecuniary benefits are those benefits considered as “non-cash” benefits which are earned by the…

Q: What happens to the probability that a particular person works when the wage rises? Does such a wage…

A: The income effect refers to the effect by which the person increases the consumption of the goods…

Q: Using the labor-leisure model, evaluate the following: A. What happens to the probability that a…

A: Meaning of Income Effect: The term income effect refers to the situation under which the consumer…

Q: What is the empirical evidence for the existence of the NAIRU?

A: NAIRU basically refers to the  Non-Accelerating Inflation Rate of Unemployment, and the notion is…

Q: The wage gap is usually defined as the real wage divided by labor productivity. O True O False

A: In an economy, productivity of labor explains the ability of the workers to generate output.

Q: What does the elasticity of unemployment rate with respect to benefit tell us about optimal…

A: The elasticity between two variables shows the percentage change in one variable due to percentage…

Q: om

A: The job keeper payment policy in turn helps businesses being affected by Covid 19 in order to render…

Q: How might relationships between so-called insiders and outsiders contribute to downward wage…

A: According to mainstream economists, one of the major reasons behind recessions is the rigidity of…

Q: what Is The AS/AD Framework

A: Aggregate demand (AD): - It is the total demand of goods and services in an economy at a particular…

Q: What are the negative implications of illegal pyramiding to the economy?

A: Fraudulent business model is a false moneymaking plan where individuals are selected to make…

Q: 1- Consider a basic matching model where the number of matches between unemployed individuals and…

A: Unemployment is the term used to describe people who are looking for a job in the economy. The…

Q: What are the underlying factors behind the favorable PMi(purchasing manager's index)  in the U.S.A.?

A: The Purchasing Managers' Index (PMI) is a measure of the manufacturing and service industries…

Q: What is interesting about one of the HRM Functions, "Compensation and benefits

A: In HRM, compensation and benefits relate to the wage, monetary, and non-monetary benefits that a…

Q: Consider a household with wealth of $62,000. If the price level decreases by 8%, this household is…

A: Aggregate demand is downward sloping showing inverse relationship between price and real output…

Q: Explain how forward rate is being implemented.

A: Forward rate shows equilibrium in the exchange market at international level.

Q: what is the relationship between government stablity and higher education

A: Education is a very good predictor of results in life, including favorable attitudes and…

Q: illustrate graphically a decrease of one of the determinants of aggregrate supply.

A: The macroeconomic equilbrium in an economy is determined by the aggregate demand and aggregate…

Q: When an economy experiences semihidden unemployment,

A: OPTIONS OTHER THEN B WRONG BECAUSE Semihidden unemployment happens when individuals are not included…