Search
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

# Assesment - Essay Example

Summary
The flexibility in the aggregate income of the population is calculated with the help of the sticky wage model in which the aggregate demand and the aggregate supply curve is being used. While in the long run the aggregate supply curve is a horizontal line prices being flexible…

## Extract of sampleAssesment

Download file to see previous pages... This is the chief functional form of the aggregate supply equation. The equation states that as the output undergoes a deviation from the natural rate the existing level of prices also undergoes a deviation from the expected price level of the economy. α is the percentage of the changes in the output as a response to adjust in the price level of the economy. 1/α represents the slope of the aggregate AS curve.
According to this model the workers and the firms undertake negotiation in order to decide on the nominal this. This negotiation is done irrespective of the expected price level of the economy. The nominal wage is the determined as the product of the target real wage rate and the expected level of price in the economy. Most of the economists are of the opinion that the nominal wage in the economy is sticky in the short run. With a sticky nominal wage in the economy, the prices would increase from P to P0. This would reduce the real wage rate in the economy.
Since the wages are the prices for labour the demand curve for labour would be a downward sloping curve and the supply curve would be an upward rising one. The now the labour market would comprise of the employed and the unemployed labour force. Thus the total labour in the economy would be
Therefore the level of unemployed in the economy would be L - N, where L is the total labour force, N is the employed and U is the unemployed. Therefore the natural rate of unemployment in the economy would be U* / L.
Now the wage setting relation establishes a negative relationship between the real wage that exists in the economy and the rate of unemployment existing in the economy. This relation can be represented by the downward sloping curve that is shown in the diagram below. As the rate of unemployment in the economy would increase the wages that the labourers would demand would be less (Broughton, 2009. pp. 3-5). This established the ...Download file to see next pagesRead More
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
TAE40110 CERTificate IV in Training and Assesment
BSBCMM401A Make a presentationTAEDEL401A TAE40110 Certificate IV in Training and Assessment Inspire Education TAEASS301A Contribute to assessment TAEASS401A Plan assessment activities and processes TAEASS402A Assess competence TAEASS403A Participate in assessment validation TAE40110 Certificate IV in Training and Assessment This assessment booklet belongs to: Vukcevic Slobodanka Inspire Education Assessment Cover Sheet TAEASS301A Contribute to assessment TAEASS401A Plan assessment activities and processes TAEASS402A Assess competence TAEASS403A Participate in assessment validation Candidates: Submit this entire document (do not separate or remove pages)– with this page completed as require
10 Pages(2500 words)Essay
Assesment, evaluation and feedback
It is an essential practice for these functions to be assessed regularly not necessarily at the same time but varying degrees through the teaching process. Certain assessment techniques are usually applied to achieve this, either the through essay questions where the answers are given marks and used in grading the students, or simply through a peer-assessed seminar presentation.
12 Pages(3000 words)Essay
Personal Assesment Education Essay
After personal reflections, they are able to resolve their weaknesses and increase their strengths (Bowman 2007). This great virtue is extremely substantial to individuals who would want to advance e academic wise and get ahead in this competitive world. Therefore, personal assessments and reflection on oneself is essential.
6 Pages(1500 words)Essay
Education Assesment Plan
The student are expected to recite alphabets from A to Z and assign a word for each letter for instance C for Cat. In the process, learners’ ability to fill the missing letters in a sequence is also identified. The teacher awards scores to students using holistic rubric whereby the whole learning activity is gauged.
4 Pages(1000 words)Essay
Book Assesment Report
Economic change has contributed to a lot of problems and success in different countries. As a result, the global economy has expanded while technological advancement has increased to the extent that societal values have come under pressure. This essay is going to analyze the socio-economic issues that shape Latesvology, as examined through a book which captures the changes that have occurred in relation to economic and social changes.
6 Pages(1500 words)Essay
Self Assesment
The second paper, which I was assessed was Position or Proposal Essay where I had to write an argumentative essay, in this paper I chose the position essay because my topic was supporting both sides.
2 Pages(500 words)Essay
Medical education Essay
Upon analyzing these things, instruments are used in order to know if there are developments in a performance or in knowing how things are going per se. In this case we tend to analyze things by means of assessment and appraisal. The field of medicine is a field wherein one can say that assessment and appraisal should be present.
13 Pages(3250 words)Essay
Assesment
I like to follow a time based schedule and ensure quality through regular feedback processes. Since the work involves teamwork, I like to
5 Pages(1250 words)Essay
Needs Assesment
The results showed that the company was facing two major problems that were low employee retention level and decreased customer satisfaction. After doing complete analysis, the researcher came up with some effective solutions to solve the problems.
6 Pages(1500 words)Essay
Risk Assesment
Since the city of Florida had a high population, over 100, 000 individuals had no transport means to leave the city. Consequently, this population faced the storm causing many deaths. Fundamentally, poverty and
1 Pages(250 words)Essay
Let us find you another Essay on topic Assesment essay for FREE!
+16312120006