A cubic meter of the gold piece is hammered so that its area extends to cover an area of 8 m2. Determine the thickness of the gold piece. A: 12.5cm B: 14.5cm C: 12.7cm D: 16.5cm
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Step-by-step explanation:
Assume that the labor supply in an economy is fixed: LS = 240. The labor demand depends on real wages, in the following form: DL = 250 – 2(W\P). The production function is: Y = 10L, the short run aggregate supply curve is Y = 2700 + 100(h – h0). For simplicity, the natural rate of unemployment is zero. Derive the short-run Phillips curve and the long-run Phillips curve!
Step-by-step explanation:
Assume that the labor supply in an economy is fixed: LS = 240. The labor demand depends on real wages, in the following form: DL = 250 – 2(W\P). The production function is: Y = 10L, the short run aggregate supply curve is Y = 2700 + 100(h – h0). For simplicity, the natural rate of unemployment is zero. Derive the short-run Phillips curve and the long-run Phillips curve!