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A) make it more difficult for the labor market to reach an equilibrium after a change in the demand for labor.
B) make it easier for the labor market to reach an equilibrium after a change in the demand for labor.
C) have no impact on the movement of the labor market toward equilibrium after a change in the demand for labor.
D) cause the labor market to always be at an equilibrium, even if there is a change in the demand for labor.
4) Employment contracts that stipulate workers' wages, usually for a period of 1 to 3 years, are known as
A) social contracts.
B) implicit contracts.
C) explicit contracts.
D) none of the above
1) Suppose that flight attendants are laid off during a recession because of an unspoken agreement between the flight attendants and airline executives that wages will not be reduced. This example is consistent with the
A) relative-wage explanation of unemployment.
B) implicit contract explanation of unemployment.
C) explicit contract explanation of unemployment.
D) efficiency wage explanation of unemployment.
2) Workers in the coal mining industry are laid off during a recession because they are unwilling to accept a wage cut unless they know that workers in other industries are receiving similar cuts. This example is consistent with the
A) efficiency wage explanation of unemployment.
B) explicit contract explanation of unemployment.
C) social contract explanation of unemployment.
D) relative-wage explanation of unemployment.
answer the questions that follow:
Autonomous consumption = R285 million;
Autonomous investment = R300 million;
Marginal propensity to consume = 0.4.
Q.4.1 Calculate the level of autonomous spending. (3)
Q.4.2 Calculate the size of the multiplier. (3)
Q.4.3 Calculate the equilibrium level of income
a. Who are the players? b. What are the strategies in this game? c. Is there a dominant strategy in the game? Explain. d. Construct the payoff matrix for the game.
What is the effect of higher price level on the economy's aggregate expenditure line in terms of real gdp
8) General Motors saw the demand for its automobiles drop by 15%. Even though the demand for its automobiles decreased, GM did not cut the wages of its non-unionized workers. This is an example of
A) a relative-wage contract.
B) employment-at-will.
C) an explicit contract not to cut wages.
D) an implicit or social contract not to cut wages.
Describe the roles that the SARB can play to ensure the objective of financial stability is met.
Economists argue that the South African government should implement a policy of
privatisation.
Argue in favour of a policy of privatisation.
During this COVID‐19 pandemic, the South African Reserve Bank (SARB) plays a crucial role in maintaining financial stability.
Describe the roles that the SARB can play to ensure the objective of financial stability is met.
#340153 on Dec 2023