Explain what is meant by excess demand or s shortage
What will be an ideal response?
The condition that exists when quantity demanded exceeds quantity supplied at the current price.
Economics
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According to human capital theory, all of the following help make workers more productive EXCEPT
A) health and fitness. B) increased unemployment benefits. C) skills. D) education.
Economics
Suppose an economy is characterized by the equations below: Price setting: P= (1 + m) (W/
A)Wage setting: W=AP(1 - u)Solve for the natural rate of unemployment if the markup (m) is equal to 4%.
Economics