Question
CAN I PLEASE GET SOME HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!! I am desperate, so if it'll be quicker then mostly want help with Q4 , Q5 & Q9
CAN I PLEASE GET SOME HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!
I am desperate, so if it'll be quicker then mostly want help with Q4 , Q5 & Q9 ! but keen to have help on all if you can
Q1: True/False: The unemployment rate tends to be high in recessions
Q2: True/False: Mostworkers are typically paid theirreservation wage.
Q3: True/False: It may be in the best interest of employers to pay wages higher than the workers' reservation wage.
Q4: Solve: Suppose the mark up of a firm's price over its cost is 10%.What is the real wage,as determined by the price-setting equation?
Q5: Solve: Again suppose the mark up of a firm's price over its cost is10% and that the wage setting equation is(W/P) =1 - 2uwhere uis the unemployment rate.The natural rate of unemployment is
Q6: True/False: Expected inflationalways equals actual inflation.
Q7: True/False: The natural rate of unemployment is the same in all countries.
Q9: Solve: Suppose the Phillips curve is given by (attachment)
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