Suppose the wage is $15 per hour. At this wage, firms are willing to hire 200 million people, and 220 million people are willing to work.
(A) Itentily the number of peaple emplayed and unemplayed and ilustrate an a
(B) Suppose a number of pepple leave the labar farce because of early retirement and a rechuction in the number of twa-career farrilies. In this case, the number of peaple wrilling to wark at each wage is reduced by 20 million people. Eogalain what happens to the number of pepple emplayed and the number of peaple unemplayed. What da you thirk will happen to the wage?

Question

Suppose the wage is $15 per hour. At this wage, firms are willing to hire 200 million people, and 220 million people are willing to work.
 (A) Itentily the number of peaple emplayed and unemplayed and ilustrate an a
(B) Suppose a number of pepple leave the labar farce because of early retirement and a rechuction in the number of twa-career farrilies. In this case, the number of peaple wrilling to wark at each wage is reduced by 20 million people. Eogalain what happens to the number of pepple emplayed and the number of peaple unemplayed. What da you thirk will happen to the wage?

Quizplus · Accepted Answer

The Answer of Suppose the wage is $15 per hour. At this wage, firms are willing to hire 200 million people, and 220 million people are willing to work.
 (A) Itentily the number of peaple emplayed and unemplayed and ilustrate an a
(B) Suppose a number of pepple leave the labar farce because of early retirement and a rechuction in the number of twa-career farrilies. In this case, the number of peaple wrilling to wark at each wage is reduced by 20 million people. Eogalain what happens to the number of pepple emplayed and the number of peaple unemplayed. What da you thirk will happen to the wage?

Suppose the Wage Is $15 Per Hour