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Katyanochek1 [597]
2 years ago
8

8. Problems and Applications Q8

Business
1 answer:
Liono4ka [1.6K]2 years ago
5 0

The quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise.

<h3>What does a union among workers represent in economy?</h3>

In the macroeconomic model, a union among workers will increase the wage rate, thereby the supply of manufacturing workers will also increase.

This phenomenon is associated with a decrease in the demand and quantity of manufacturing workers.

In conclusion, the quantity of manufacturing workers demanded will fall, the wage of manufacturing workers will rise and the quantity of manufacturing workers supplied will rise if manufacturing workers formed a union.

Learn more about the macroeconomic model here:

brainly.com/question/23160076

#SPJ1

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