Unemployment and Wage Rigidity When Labor Supply is a Household Decision". Basu,Kaushik,Garance Genicot,Joseph Stiglitz. Markets and Governments . 2003Basu, K., Genicot, G. and Stiglitz, J. (2000). Unemployment and Wage Rigidity When Labor Supply Is a Household Decision, Markets and ...
Assume that perfectly competitive firms are employing labor in profit-maximizing amounts. Now suppose that, all else being equal, the market supply of this labor increases. How will the firms respond? What is the profit-maximizing point for a perfectly competitive firm?
A firm’s demand for labor curve shifts when there is a change in ( ) A. the supply of labor. B. technology. C. the number of workers available in the market. D. the E. quilibrium wage rate. 相关知识点: 试题来源: 解析 b 反馈 收藏 ...
aWithin a market setting, when wages and conditions of employment are determined by the interaction of labor supply and labor demand, legal intervention not tied to an identified market failure will often, although not always, reduce both efficiency and employee welfare (section I.A). However, ...
•Nonprofit wage gaps emerge in markets with low nonprofit labor demand.•Wages are equal across sectors when nonprofit labor demand is high.•Nonprofit productivity is highest when nonprofit wages are lowest.•This suggests sorting & screening of scarce motivated workers generate wage gaps.关键...
aLabor intensive techniques of production are usually used in economies having sufficient supply of cheap labor. In many of developing economies, labor is organized and unionized. Despite fluctuations in market demand, labor force is subject to a minimum wage, which may increase cost of production ...
An increase in government spending in the short term lowers unemployment and increases GDP. True or False: The natural rate of unemployment is associated with high inflation. True or false? When the labor market is at full employment, the unemployment rate is 0%. ...
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When a minimum-wage law forces the wage to remain above the level that balances supply and demand, the result is a shortage of labor A.错误 B.正确 点击查看答案手机看题 你可能感兴趣的试题 单项选择题 舍恩伯格提出“要全体,不要抽样”,正确的理解是()。 A.强调了大数据时代,分析全体数据成为可能...
Cost-push inflation, also known as wage-push inflation, occurs when overall prices increase due to increases in the cost of wages andraw materials. Higher costs of production can decrease theaggregate supply, or the amount of total production, in an economy. If demand for affected goods hasn’...