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In 2018, the economy of Microtania had a total labor demand and labor supply (in number of workers) at given wage rates according to the
In 2018, the economy of Microtania had a total labor demand and labor supply (in number of workers) at given wage rates according to the following schedule: Wage Labor demand Labor supply $5 1465 1195 10 1410 1230 15 1355 1265 20 1300 1300 25 1245 1335 30 1190 1370 35 1135 1405 What is the equilibrium short-run employment level (number of workers)? Suppose that, because of sticky wages, wages are "stuck" at $25, Calculate the excess supply of workers at $25. What is another word for "excess supply" in the labor market? Unemployment Recessionary gap Trade deficit Budget deficit
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