The following figures show the demand (D) and supply (S) curves of micro and macro economists. Figure 15.7
- In Figure 15.7,assume that the wage rates of the micro and the macro economists are determined by the aggregate demand and supply curves.The levels of employment for micro- and macro economists are _____ and _____ respectively:

Question

The following figures show the demand (D) and supply (S) curves of micro and macro economists. Figure 15.7 
- In Figure 15.7,assume that the wage rates of the micro and the macro economists are determined by the aggregate demand and supply curves.The levels of employment for micro- and macro economists are _____ and _____ respectively:

Quizplus · Accepted Answer

The levels of employment are determined by the intersection of the aggregate demand and supply curves for each type of economist, which is given as 100 for micro economists and 50 for macro economists.

The Following Figures Show the Demand (D) and Supply (S)