Assume the firm mark up over the cost is 10 and the wage, Ask an Expert

Management Studies

Assume the firm mark up over the cost is 10% and the wage setting equation is W=P (1-u) where U is the unemployment rate.

a) Search the real wage rate implied by the price setting equation.

b) Examine the natural rate of unemployment.

c) Place the wage- setting and price setting equation or a property labelled graph and identity the nature rate of unemployment.

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Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M9530431

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