Ask
your own question, for FREE!
Economics - Financial Markets
3 Online
(All flow variables have period of 1 year) output; P = price level; C = nominal aggregate consumption = 1000 + 0.8W +0.6R; I = nominal investment = 4000; L = employment (in labor hours per year); L* = full employment = 2000; w = hourly money wage = 10 ; W = nominal aggregate wage; R = nominal non-income wage; Y/L = a = 16; PY = C + I; Price level (is more than or equal to that a full employment; it is not a full employment)= a factor m (=4/3) times the wage cost per unit of aggregate output. I need Y* at N* (2000) and P* at N*. (also the method cause i'm mucking something...) Thank you.
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
Bounty:
first poem in a min- (tittle)? one moment i'm fine I smile till my face burns I laugh till I cant breath Then I cry I wonder where I went wrong I listen to
Twaylor:
3d printing a glider (for 150 pound 5'8 person - prolly should make it for up to
cullenn:
pitter patter sound of rain gently tapping my window tonight. calming, soothing, right? not for me.
Arriyanalol:
DON'T BUY TICKETS TO SEAWORLD i watched a documentary on seaworld and its sad wha
natalieee:
who else wants a job in biology? I love biomedical science and want to work with
Twaylor:
Time flies doesn't it? I tried to not be the second squeaky wheel of the household and ended up hurting myself and others severely.
clllaaaaaire:
any tips? the quality isn't the best because I am using this site on my computer
14 hours ago
5 Replies
1 Medal
1 day ago
5 Replies
0 Medals
2 days ago
2 Replies
0 Medals
1 week ago
2 Replies
1 Medal
2 weeks ago
9 Replies
0 Medals
3 weeks ago
12 Replies
2 Medals
1 month ago
2 Replies
0 Medals