We can actually infer here that an increase in labor productivity will affect equilibrium in the labor market in the following way: The demand for labor will increase and the equilibrium wage and quantity of labour will increase.
<h3>What is equilibrium?</h3>
Equilibrium refers to the state whereby opposing things are balanced in order to achieve a desired outcome.
If the labor productivity is increased, it will definitely affect equilibrium in the labor market in such a way that the demand of labor will increase.
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Explanation:
a. The computation is shown below:
As we know that
Multiplier = 1 ÷ 1 - MPC
1.5 = 1 ÷ 1 - MPC
So, MPC is 0.3333
Now the real GDP is
= Multiplier × Government spending
= 0.3333 × $70 billion
= $105 million
So the change in real GDP is
= $105 million - $70 million
= $35 million
b. The computation is shown below:
As we know that
Multiplier = 1 ÷ 1 - MPC
Multiplier = 1 ÷ 1 - 0.6
So, multiplier is 2.5
Now the real GDP is
= Multiplier × Government spending
= 2.5 × $16 billion
= -$40 million
c. As we know that
Real GDP = Multiplier × Government spending
$280 billion = Multiplier × $70 billion
So, the multiplier is 4
Now the MPC is
Multiplier = 1 ÷ 1 - MPC
4 = 1 ÷ 1 - MPC
So, the multiplier is 0.75
Answer:
A social media manager manages a social media star. They arrange appointments, or things like autograph signings, they monitor or arrange partnerships, they pay lawyers when needed
Explanation:
Thanks for asking this my older cousin is one. He used to manage beyonce for a short amount of time, he did snopp dogg, he did some other people that really dont mean anything to me
if you need more explanation i got you
Answer: cognitive dissonance
Explanation: Cognitive dissonance takes place in the fields of psychology when an individual holds two or more irrational beliefs, concepts, or principles, or takes part in a motion that runs counter to any of these three and thereby perspectives mental stress.
Inconvenience is caused by an individual's belief that conflicts with new interpreted proof (statistics) in which they attempt to take steps to address the inconsistency in order to minimize their distress.
In simple words, The concept behind cognitive dissonance shows that people find psychological continuity regarding their life span and the earth's objective reality.
Answer:
Credit life Insurance
Explanation:
The scenario describes Credit life insurance
This is a form of insurance policy that that is designed to pay off the balance on a policy holder's outstanding loan in case of death. It is designed for the protection of lender and heirs who are co signers from loss in case of the death of the borrower.
The insurance is liable to the balance on the loan as at the time of the death of the borrower.