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Related Questions
What attracted many African Americans to the north and medwest?
High demand for workers
What attracted many African American to the north and Midwest?
High demand for workers.
What is the result of high equilibrium wage?
an extra demand for workers
What is the result of a high equilibrium wage?
an extra demand for workers
Structural unemployment?
workers possess skills that aren't in high demand (obsolete)
What happens to the equilibrium wage when the demand for workers is high and supply is low?
Wage goes down.
What happens when demand for workers is high and supply is low to the equilibrium wage?
Wage goes down.
What generally happens to the equilibrium wage when demand for workers is low and supply is high?
Wage goes down.
What generally happens to the equilibrium wage when demand for workers is high and supply is low?
Wage goes down.
What generally happens to the equilibrium wage demand for workers is high and supply is low?
Wage goes down.
What is social demand equal to?
Social demand = private demand +/- exteranlities
What statement does not apply to high aggregate demand?
the concern is that unemployment may increase because fewer workers are needed.
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