economists believe that the trend toward greater wage inequality across the U.S. economy was primarily caused by _____________. the recession new technologies the rise of global markets inflation
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Many economists believe that the trend toward greater wage inequality across the U.S. economy was primarily caused by _____________.
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the recession |
||
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new technologies |
||
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the rise of global markets |
||
|
inflation
|
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- The government can introduce different types of policies which address unemployment and inequality in society. Using your knowledge of the wage-setting and price-setting mechanisms, explain how the government can influence outcomes in labour markets.As more people from gen Z graduate from highschool and college and enter the work force this will cause _____ (increase/decrease/no change)The sticky-wage theory holds that an unexpected increase in the price level rises causes production to be Question 71 options: more profitable and employment and output rises. more profitable and employment and output falls. less profitable and employment and output rises. less profitable and employment and output falls.
- Explain how a severe drought in a country, whose main activity is agriculture, can affect: The gross domestic product of that country Unemployment rateThe agricultural product price indexEffect of inflation on demand and supply1. Illustrate and explain the impact of a minimum wage on the labour market. Period Minimum Wage Rate Unemployment Rate Inflation Rate Economic Growth Labour Force Participation 2019 - 2020 $17.50 2.8% 0.5% 2.8% 59.8% 2014 – 2018 $15.00 2.71% 3.5% 2.71% 62.6% 2010 - 2013 $12.50 2.21% 2.1% 2.21% 61.7% 2. By examining these variables (unemployment rate, inflation rate and economic growth rate) across the years, determine whether the increased minimum wage had the expected impact from part a?
- How has microsoft contributed to the unemployment rate (has it laid off people within the last year(s))The Government of country B opted for expansionary fiscal policy to fight economic depression. Identify the type of inflation it is expected to create and its impact on the wages. Illustrate the process on the graph. (150words)Economics: Labor Economics Question: 1 Migration is expected to occur if movement between two markets is frictionless unless: A. Value of Marginal Product (VMPe) is equal in both markets B. Their populations are equal C. They have the same labor demand function D. Total gains from trade are equal across both markets Question: 2 The market wage increases by 8%. In response the firm reduces its employment by 5%. What is the elasticity of labor demand? Show your work. Is the demand for labor elastic or inelastic? What do you think will happen to this coefficient in the long run? Thank you for your support and help Training Agent!
- From the data calculate the NDP at FC. Wages and salaries are 700 dollars, rent 100 dollars, depreciation $50, subsidies $100.What impact does taxes have on the state of employment and the workforce? Are they beneficial or a hindrance to growth in employment? If taxes were lower, how could business differently? What do you think would happen if there were no taxes and one could spend all the money earned on capital and employee wages?As more people from the baby boom generation retire this will cause _____ (no change in/rise/fall) in labor supply. As more people from gen Z graduate from highschool and college and enter the work force this will cause _____ (increase/decrease/no change) We can expect wages to _____ (fall/rise/stay the same)