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Author Question: Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held ... (Read 69 times)

deesands

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on: Jun 30, 2018
Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held if there is downward wage rigidity in the market, when the demand curve shifts to LD2?
 
  A) 50 B) 30 C) 40 D) 20

Question 2

Suppose the price of a product is 4 and the nominal wage that the firm must pay is 20. Then the firm's real wage is
 
  A) 5. B) 0.20. C) 4. D) 20. E) 80.


jointhecircus

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


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deesands

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Reply #2 on: Jun 30, 2018
Thank you


jointhecircus

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Reply #3 on: Jun 30, 2018
No problemo


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