Author Question: Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held ... (Read 66 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
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

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

For a complete list of videos, visit our video library