In practice, market wages don't always instantaneously adjust to eliminate surpluses and shortages of labour. With the help of a suitable illustration, discuss this statement in relation to the current labour market situation in Kenya. (4marks)
b). Give an expression for labour demand curve from the following short-run quadratic production function; Q= f(L)=10L-10105.
(3 marks)
c). Describe the concept of zero budgeting and explain the difficulties involved in the implementation of a stabilization policy for economies such as Kenya.
(8marks)