The belief by most economists that real and nominal variables are essentially determined separately in the long run is characteristic of the ________ model.

The concept of comparable worth is not a radical departure from market economics

Indicate whether the statement is true or false

Refer to the above figure. If the union wants to maximize the total income of its members who work, it will set wages at

A) W1. B) W2. C) W3. D) W4.