What occurs in the labor market when the real wage rate is above the​ full-employment equilibrium​ level? When the real wage rate is above the​ full-employment equilibrium​ level, _______.

Q: 21. To control inflation rate, the government conducts a fiscal policy which is ... (A)…

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

Q: Which of the following is correct about real GDP? a. All of the options b. It is corrected for…

A: In an economy, GDP is calculated in two forms that are real GDP and nominal GDP.

Q: If the government wants to reduce unemployment by influencing the level of activity in the economy,…

A: Unemployment is the state of being able to work, actively looking for job, but unable to find any.…

Q: The tables describe an economy's labour markets and its production function in 2017. Real wage rate…

A: The equilibrium wage rate is determined at the intersection of the market demand for laborers and…

Q: i. What is the difference between nominal GDP and real GDP? Which one of them is used to calculate…

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

Q: A person’s disposable income decreases, and his personal income remains unchanged. This is because…

A: Unemployment refers to the situation where an individual who is willing to work and is actively…

Q: What is the quantity of real GDP produced if the real wage rate is at the​ full-employment…

A: Real GDP is inflation adjusted money value of all final goods and services produced in an economy.

Q: Explain, with the aid of both AD/AS and Keynesian Cross diagrams, the decrease in the deflationary…

A: answer is in image

Q: Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the…

A: A cycle consisting of expansions and contractions in the aggregate economic activity of a nation is…

Q: Explain the circular flow between the household sector, firms sector, financial market, and…

A: Cash flow The circular flow is the continuous flow of commodities and services, revenue, and…

Q: The shortfall between actual real GDP and potential GDP a. decreases as the unemployment rate rises.…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: The shortfall between actual real GDP and potential GDP a decreases as the unemployment rate rises…

A: The percentage of non-employed workers in labor force is called unemployment rate.

Q: Which of the following is TRUE? Select one: a. Real GDP in  the U.S. is 12 trillion dollars.  b.…

A: Real GDP is the value of GDP calculated at with base year prices in comparison to the nominal GDP…

Q: Consider an economy with a corn producer, some consumers, and a government. In a given year, the…

A: GDP is the total value of goods and services that is produced in a county during a given period of…

Q: Please describe the history of FDI or/and OFDI in Morocco.( Analyze the main policies on FDI/OFDI of…

A:

Q: Households tend to increase their spending during a recession because they realize that more…

A: Recession:- Recession can be defined as a period of economic contraction during which economic trade…

Q: 1. What is the equation Y= C (Y-T) + I (Y, r+x ) + G telling you about the determination of…

A: Answer -

Q: Compare and contrast the effect of expansion and recession on selected variables like output and…

A: Let us understand some key terms such as - Business cycle aggregate demand, aggregate supply,…

Q: hat are the Reason that affect the increasing purchase of goods and services in the government of…

A: The following are the main reasons that affect the increasing purchase of goods and services in the…

Q: Use the information in the table below to answer Q.3.1 to Q.3.3: GDP at market prices R397bn Net…

A: The gross domestic product is the aggregate of values of all final goods and services produced in an…

Q: Which of the following decreases in response to the interest-rate effect from an increase in the…

A: If price level increases, inorder to control it, interest rate increases so that money in…

Q: If a temporary increase in government spending only leads to a small decrease in lifetime wealth,…

A: In an economy, a change in government spending is temporary and lead to a smalll change in lifetime…

Q: Explain the effect of national income when price is flexible due to the following situation: a) An…

A: In an economy, national income changes due to changes in the components of aggregate demand, when…

Q: What would be the level of saving if the real GDP (Y) were at $7 trillion? what is the level of…

A: Equilibrium is established where aggregate expenditure becomes equal to the output.

Q: How does a tax on labor income influence the equilibrium quantity of employment? and How does the…

A: Tax refers to the compulsory payment that imposed by the government on consumer, individual people…

Q: A person’s disposable income decreases, and his personal income remains unchanged. This is because…

A: Disposable income of the consumer is that income which consumer have recieve after deduction taxes…

Q: When real GDP declines during a recession, what typically happens to consumption, investment, and…

A: The measure that depicts the final value of goods and services produced in the economy during a…

Q: Find the market-clearing real wage rate What happens if the government imposes a minimum wage of 40?…

A: Given :  MPN (W)= 200 – 0.5N Supply of labour=100 + 4w 1. Market Clearing real wage rate : The…

Q: Which of the following are true of an economy operating with a negative GDP gap? Check all that…

A: Gross Domestic Product (GDP at MP): This is the gross market value of all the final commodities…

Q: 21. Given the following macroeconomic data of a hypothetic economy: C = 175 + 0.75(DI) | = 50 G = 35…

A: Answer for 21st Question DP = Y = C + I + G + (X-M) DI = Y - T Therefore, DI = C + I + G + (X-M) - T…

Q: The difference between nominal GDP and real GDP is that nominal GDP Group of answer choices measures…

A: Nominal GDP is the value of final goods and services at the current year prices. Real GDP is the…

Q: Consider the following table on Country X’s real gross domestic product (GDP) and population:…

A: Gross Domestic Product refers to the value of all final goods and services produced in an economy…

Q: If the government increases its expenditure on goods and services and as a​ result, the money wage…

A: When the governemtn increases the expenditure on goods and service, the agrregate demand in the…

Q: what might explain the differences seen in the role of consumption and investment during the…

A: Role of Consumption and investment is very important whether it is recovery or recessionary phase of…

Q: Which of the following is true when an economy is at its potential GDP? Only structural unemployment…

A: The full employment or the natural rate of unemployment achieved in an economy corresponds with the…

Q: Describe what RGDP does between 2019 and 2021.  What was the highest value in 2019 (peak) and what…

A: Gdp means total market value of goods and services produceddomestically during the year.  There are…

Q: Potential GDP refers to   a. the level of output that an economy can produce when all resources…

A: Potential GDP is an estimation of the value of GDP by an economist or a theoretical construct by an…

Q: happens when firms and workers underestimate future prices in the economy. what would happen to…

A:

Q: If  taxes are increased, will most people save more or less than before? Does national saving rise…

A:

Q: Supply, S Real Interest rate Demand Loanable funds (billions of dollars per year) Refer to the graph…

A: If only the real interest rate is taxed rather than the nominal interest, for any given interest…

Q: The tables describe an economy's labour markets and its production function in 2017. Real wage rate…

A:

Q: An economy is described by the following set of equations:       C = 2,600 + 0.8(Y – T) – 5,000r,…

A: We use the following formula to find equilibrium interest rate at full employment level of output :-…