Give two examples of events that could shift thesupply of labor, and explain why they do so.

Q: The government spends $3 billion to buy police cars.Explain why aggregate demand might increase bymo...

A: Spending multiplier: - it is a fraction that shows the magnitude of the change in national income du...

Q: Draw the price effect and the quantity effect fora price change from $60 to $50. Which effect islarg...

A: The image has been drawn assuming particular elasticity. The price elasticity of demand is the ratio...

Q: Suppose the Fed buys $1 million of bonds from theFirst National Bank. If the First National Bank and...

A: Checkable deposits are known as the accounts against which the customer can draw the checks. Checkab...

Q: DefineIndifference curves usually curve inward

A:

Q: What Is E-Reverse Auctions?

A: Auctioning is the mechanism by which a seller offers different potential customers some goods for sa...

Q: If fixed cost is 10, variable cost per unit is 2 and the price function is P = -Q +9 then the value ...

A: Given, Fixed cost = 10  Price function: P = -Q + 9  Variable cost = 2  

Q: Productivity is defined as O 1) output per person. O 2) output per unit of capital. O 3) output per ...

A: Productivity is characterized as the amount of merchandise and enterprises delivered from each until...

Q: Suppose 3 million high school graduates start college each year. Those who earn a college degree wil...

A: Human capital is the stock of knowledge,habits, social and personality attributes so as to produce e...

Q: Adam Smith from the Classical School had introduced the “water-diamond paradox” in his Theory of Val...

A: When economists develop theories, models, or paradox, some of them can be proven while others may co...

Q: The prices of products and the wages paid to labor each change over time. Describe how prices and wa...

A: The price of the product is related to the wages paid to the workers. If the wages of the labor incr...

Q: You deposit $2,000 in a savings account, and a yearlater you have $2,100. Meanwhile, the CPI risesfr...

A: Real interest rate(r) is referred to a rate that is adjusted to eliminate the inflation effect. Nomi...

Q: Suppose the income elasticity of demand for furniture is 3, and the income elasticity of demand for ...

A: The income elasticity of dd (demand) measures the extent to which quantity (Qd) demanded of a commod...

Q: Hello Please answer this question. Thanks     MAhboob

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Suppose the inverse demand function for two Cournot duopolists is given byP = 10 − ( Q 1 + Q 2 )and ...

A: Given data: Costs = 0 Demand function, P = 10 - (Q1 + Q2)

Q: 2 Using supply-and-demand diagrams show the effect of the following events on the market for sweatsh...

A: Equilibrium is at such a price where quantity demanded equals quantity supplied.

Q: Use the ideas of consumer surplus and producer surplus to explain why economists say competitive mar...

A: Consumer surplus(CS) is the total area under the demand(DD) curve and above the price(P) level. Prod...

Q: Below is a hypothetical table such as would be generated by the Bureau of Labor Statistics when repo...

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...

Q: What is meant when economists say that the Federal Reserve Banks are central banks, quasi-public ban...

A: The federal reserve system refers to the central banking system that is followed in the U.S. Many ba...

Q: Superior Metals Company has seen its sales volume decline over the last few years as the result of r...

A: Fixed cost = $250000 Variable costs = $5 Selling price = $10 Increase in production = 10% Reduced va...

Q: MCQ: A perfectly competitive firm Can decide what price to charge for its product Has to sell its p...

A:  in perfect competitive market, 1) there are many number of sellers and buyers which turns the marke...

Q: Hello, Please answer the question completely and correctly except A) Thanks   Mahboob

A: Answer - "Thank you for submitting the question.But, we are authorized to solve only 3 sub parts of ...

Q: Differentiate between demand-side market failures and supply-side market failures.

A: Market Failure(MF) is a situation where the allocation of services and goods by the free market is n...

Q: The magazine Science 84 planned to announce a contest in which anyonecould submit a request for eith...

A: a) To get to the Nash equilibrium, one class has 19,999 people asking for $100 and the other that is...

Q: Suppose the nominal interest rate on car loans is 11% per year, and both actual and expected inflati...

A: The formula to compute the real interest rate using the Fisher effect is: Real Rate of Interest = No...

Q: Citing relevant examples, explain any five properties of a good hypothesis.

A: The five major properties of a good hypothesis are the following: Prediction power Simplicity Testa...

Q: The lawn ranger , a landscaping company , has total costs of $5,000 and total fixed cost of $3000 .T...

A: Given information: Total costs = $5000 Total fixed cost = $3000 TC = TFC+TVC 5000 = 3000+TVCTVC=5000...

Labor Force Participation Rate analysis

The labor force participation rate analysis calculates the percentage of the working-age population either employed or actively seeking work. It can be anyone in the age category of 16 to 64, on the condition that they are not institutionalized. A high labor force participation rate shows that more people are employed and contributing their wages to the economy, making it a healthy economy. It also shows that there are more people actively looking for employment leading to more hiring options for employers. On the other hand, a low labor force participation rate shows a low number of people employed or looking for work. This leads to an economic setback with fewer wages going into the economy. In such a scenario, employers might have to cut back on profits, lay off employees, or stop the process of hiring.