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3 years ago

Name some factors that can cause a shift in the demand curve in labor markets

1 answer:

5 0

When output price rises, the labor demand curve shifts to the right – more labor is demanded at each wage. When output price falls, less labor is demanded at each wage. Technological change causes the MPL function to change, generally to in- crease at each level of L. This shifts the labor demand curve to the right.

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How has the internet affected the way interest groups do grass-roots lobbying?

RUDIKE [14]

<span>With the onset of the internet and online means of outreach, interest groups and lobbying efforts have become more widespread and efficient in reaching an array of individuals. Given the ability to communicate with thousands or more at a time, they have been better able to frame and promote their interests.</span>

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4 years ago

If policymakers attempt to offset a favorable inflation shock with monetary _____, the resulting long-run equilibrium will be at

alexira [117]

Answer:

1. Easing

2. A higher

Explanation:

An adverse inflation shock when modeled is the upward shift of the Short run aggregate supply curve, this brings about higher inflation and causes a lowering of output.

The self-correcting mechanism of the economy will cause inflation to decrease gradually until the economy is back in long-run equilibrium at the original level of inflation.

If there is an intervention with monetary easing, aggregate demand will shift forward and a long-run equilibrium will be established where inflation remains at the higher level.

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3 years ago

In the United States, many local communities provide public libraries and parks. This is an example of a local government fullin

Elena-2011 [213]

A.) is your answer I do believe

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4 years ago

Read 2 more answers

Promoters of an LLC are Select one: a. are never personally liable on pre-formation debt. b. always liable on pre-formation debt

Bad White [126]

Answer:

The answer is C. only liable on pre-formation debt until a novation occurs.

Explanation:

The corporation and the third-party agree to release the promoter from liability and to substitute the corporation in place of the promoter as the party liable on the contract. May be express or implied.

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3 years ago

A substance used in biological and medical research is shipped by air-freight to users in cartons of 1,000 ampules. The data bel

Gnoma [55]

Answer:

a) y = 10 + 4x and see attached for part ii.

b) y = 14.

c) y = 18

d) Please see attached diagram

mean(x) = 1 and mean(y) = 14.2.. Mean is the same as bar(x) and bar(y) respectively

e,i)

s(b0) = 0.6633

s(b1) = 0.4690

f) H0: b1 = 0

H1: b1 ≠ 0

We conduct a t - test and arrived at

t = 8.528785

p-value = 6.613545e-06

@ alpha = 5%.

The test is significant, therefore, we reject the null hypothesis.

Explanation:

a) We fit the regression equation. The Y is dependent variable and X is the independent variable. After fitting, we obtained

y = 10 + 4x

And we fit the line of regression as shown in the attached.

b) We are to substitute x = 1 into the regression equation obtained. This is;

===> y = 10 + 4*1 = 14

c) When x= 2, we have;

===> y = 10 + 4*2 = 18

d) We just need to plot the outcome of the model. Although we also show the value of bar(x) and bar(y). See attached (4 in 1 plots) for the plot.

e) The s is the sample standard deviation, which we can also call standard error.

s(b0) = 0.6633

s(b1) = 0.4690

f) Last we conducted the test,

t = b1-b/S(b1) = (4 - 0)/ 0.4690 = 8.528785

The p-values of (t = 8.528785) = 6.613545e-06 which < 0.05. Therefore, we reject H0.

3 0

4 years ago