Question: To prevent downsizing its employees, an organization has asked its staff to accept reduced pay. What strategy is this organization using? Question 29 options: a)

To prevent downsizing its employees, an organization has asked its staff to accept reduced pay. What strategy is this organization using? Question 29 options: a) employee leasing b) outsourcing c) reduced downsizing d) furloughing

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=+ 2. In the steady state of the Solow model, at what rate does output per person grow?

=+ a. Express output per worker (y = Y/L) as a function of capital per worker (k = K/L) and the natural rate of unemployment (u).

=+ b. Write an equation that describes the steady state of this economy. Illustrate the steady state graphically, as we did in this chapter for the standard Solow model.