Equilibrium wage means that it is the wage paid on employees where supply and demand are equal.
All persons looking for work at the going wage will be able to find jobs in an equilibrium setting.
an increase in the unemployment rate will result to a decrease on the equilibrium wage.
Answer:
B
Explanation:
Inferior good is a good whose demand decreases when income increases
The substitution effect looks at the change in price of a good relative to other goods. When the price of good x increases, rob should increase consumption of good y and reduce that of good x if it were a normal good
The income effect looks at how a change in price affects real disposable income
This is an example of racisim/ predjudice/colorisim or discriminatiom
Answer:
D. A rolling budget is a budget or plan that is always available for a specified future period, by continually adding a period (month, quarter, or year) to the period that just ended. A four-quarter rolling budget for 2017 is superseded by a four-quarter rolling budget for April 2017 to March 2018, and so on
Explanation:
A rolling budget is a budget that is always updated with a new budget period when the recent budget period is over.
