Q. Explains with aid of a diagram, effect that such legislation will have/has had on equilibrium price and quantity of labour employed. Also illustrate what can be done to alleviate/remedy any problem that may rise from above laws.
Q. A nation's consumption function (expressed in millions of inflation-adjusted dollars) is C = $800 + 0.80Y. re are no taxes in this nation.
Now answer following questions:
Illustrate what is value of autonomous saving?
Illustrate what is value of multiplier?