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Category > Economics Posted 22 Jun 2017 My Price 4.00

difference between nominal and real economic variables

1. What is the difference between nominal and real economic variables? Why does economists tend to concentrate on changes in real magnitudes? 2. In each of the following scenarios, state whether the labor supply curve would shift to the left to the right, not shift at all, and the reason why it would. A. The stock market rises sharply B. Fewer teenagers work while in school than before C. A large fraction of the population flees the country because of a bird flu epidemic D. The expected future wage decline

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SuperTutor
(15)
Status NEW Posted 22 Jun 2017 12:06 AM My Price 4.00

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