Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN: 9781337091985
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 10, Problem 6CQQ
To determine
Concept based on theory of efficiency wages.
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1. Other indicators of the health of the labor market that economists track are:
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c. Private payroll data from ADP
d. both a and b
e. both a and c.
In order to improve the living standards of the people in Philippines after the devastating typhoon Haiyan, the government decided to increase the labour wage per hour from AUD 17.50 to AUD 25.00. Also, Philippines experienced structural unemployment and frictional unemployment.Use the figure below to examine the effects of the government minimum wage of AUD 25.00 in Philippines
graph.
1)Examine the effect of government minimum wage of AUD 25.00. Assume the increase labour is equivalent to the total labour force and calculate the unemployment rate
In a diagram show (A) an equilibrium in real wages and unemployment. Then, show in a diagram (B) a decrease in unemployment benefits and (C) a decrease in markups. Show what happen to unemployment and real wages. Make sure to labe all the axis as well.
Chapter 10 Solutions
Brief Principles of Macroeconomics (MindTap Course List)
Ch. 10.1 - Prob. 1QQCh. 10.2 - Prob. 2QQCh. 10.3 - Prob. 3QQCh. 10.4 - Prob. 4QQCh. 10.5 - Prob. 5QQCh. 10 - Prob. 1CQQCh. 10 - Prob. 2CQQCh. 10 - Prob. 3CQQCh. 10 - Prob. 4CQQCh. 10 - Prob. 5CQQ
Ch. 10 - Prob. 6CQQCh. 10 - Prob. 1QRCh. 10 - Prob. 2QRCh. 10 - Prob. 3QRCh. 10 - Prob. 4QRCh. 10 - Prob. 5QRCh. 10 - Prob. 6QRCh. 10 - Prob. 7QRCh. 10 - Prob. 1PACh. 10 - Prob. 2PACh. 10 - Prob. 4PACh. 10 - Prob. 5PACh. 10 - Prob. 6PACh. 10 - Prob. 7PACh. 10 - Prob. 8PACh. 10 - Prob. 9PACh. 10 - Prob. 10PA
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- The rise in unemployment that occurs because of a recessionis known as cyclical unemployment, because it is closely tied to the ______________. a)labor supply b)natural rate ofunemployment c)supply curve d)business cyclearrow_forwardReginald looked for work for six months but could not find a job to his liking. He now spends his time at the beach. For purposes of employment he is considered: a)employed in the undergroundeconomy. b)underemployed. c)unemployed. d)out of the labor force.arrow_forwardWhich type of unemployment would increase if individuals move from full-time to part-time employment? a. Cynical. b. Structural. c. Annual. d. Frictional. e. Unemployment would not be affected by this change.arrow_forward
- Answer the full quation . please as soon as possible : An increase in employee productivity due to government funding of technology training programs for employees will result 1- To decrease the demand for workers and therefore to increase unemployment rates2-For a decrease in the supply of labor, and therefore for a decrease in the number of employed persons3- For an increase in the demand for workers, and therefore for an increase in wages in the economy4- For an increase in the supply of labor and therefore for a decrease in the wage of equilibriumarrow_forwardIn order to improve the living standards of the people in Philippines after the devastating typhoon Haiyan, the government decided to increase the labour wage per hour from AUD 17.50 to AUD 25.00. Also, Philippines experienced structural unemployment and frictional unemployment. 1. What is the hardest type of unemployment that Philippines experienced as a result of typhoon Haiyan? Explain your answer. 2. Use the figure below to examine the effects of the government minimum wage of AUD 25.00 in Philippines. a.Examine the effect of government minimum wage of AUD 25.00. Assume the increase labour is equivalent to the total labour force and calculate the unemployment rate b.The figure below indicates that the aggregate demand curve slopes left to right downwards. Explain the factors that account for the shape of the Aggregate demand curve.arrow_forward1. For the following situations, identify the type of unemployment each represents. d. As the fall harvest ends, agriculture unemployment increases. e. Janet worked in the drive-up window of a bank. The bank has installed an automated teller machine and has closed the drive-up window. Janet's job no longer exists, so she has to start looking for another job. f. The state of Missouri has enacted a law stating that no one under the age of 21 can work in an establishment that sells liquor. Mark, an 18-year-old, was working as a waiter in a restaurant that sells alcoholic beverages. He can no longer work at the restaurant.arrow_forward
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