Analysis that aims at determining only the economic consequences of a particular policy is called ________ analysis.

How does rapid economic growth at home affect foreign exchange markets?

What will be an ideal response?

What is meant by equilibrium wage and quantity for labor in competitive markets?

a. a wage rate determined to be fair to the highest number of workers b. a wage rate that satisfies the demand for labor without leaving a surplus c. the median wage, with half of workers earning more and half earning less d. the lowest legal wage for which employees can be hired in a market