2. How applicable is this assumption to the labour marketing in the long run (Explain) and short-run (Explain) 3. How applicable is this assumption to the market for fast food meals in the long run? (Explain) and short-run (Explain)
2. How applicable is this assumption to the labour marketing in the long run (Explain) and short-run (Explain) 3. How applicable is this assumption to the market for fast food meals in the long run? (Explain) and short-run (Explain)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
1. What does the assumption of market clearing imply (Explain)
2. How applicable is this assumption to the labour marketing in the long run (Explain) and short-run (Explain)
3. How applicable is this assumption to the market for fast food meals in the long run? (Explain) and short-run (Explain)
Please answer point 2 and 3
Expert Solution
Step 1
A large portion of us need to work professionally and that implies we should take an interest in the work market. In this example, you'll find out with regards to what the work market is, just as the hypothesis behind it.
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