Question: In general the aggregate demand for and the supply of
In general the aggregate demand for and the supply of labor increases over time. Can we predict what will happen to real wage rates and employment over time? What factors are responsible for the shift in the demand curve? In the supply curve?
Relevant QuestionsWhat do we mean when we say that capital is productive? How do we measure this productivity? What does productivity have to do with the investment demand curve?As the owner of a retail store, you would like to be able to pay your sales people lower wages. What problems would you confront if you attempt to establish a cartel among employers to force down wage rates?The domestic computer chip manufacturing industry argues that permitting free trade will cost the jobs of thousands of computer chip workers. How does general equilibrium analysis help in responding to this argument?Under marketing orders instituted during the 1930s and administered by the U. S. Department of Agriculture, orange growers in California and Arizona have been successful in behaving as a cartel in the fresh orange market. ...Suppose there are three consumers—two “hawks” and one “dove.” The dove receives negative benefits from (i.e., is harmed by) national defense, but the hawks value defense. Show graphically how an efficient output of ...
Post your question