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ECS2602 ASSESSMENT 3 SEMESTER 2 2024 What happens to the implied real wage if the markup by firms increases? Select one: A. It decreases. B. It fluctuates with the unemployment rate. C. It remains unchanged. D. It increases. $4.41
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  3. University Of South Africa (Unisa)
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  5. Intermediate Macroeconomics (ECS2602)

Exam (elaborations)

ECS2602 ASSESSMENT 3 SEMESTER 2 2024 What happens to the implied real wage if the markup by firms increases? Select one: A. It decreases. B. It fluctuates with the unemployment rate. C. It remains unchanged. D. It increases.
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  • Course
  • Intermediate Macroeconomics (ECS2602)
  • Institution
  • University Of South Africa (Unisa)

ECS2602 ASSESSMENT 3 SEMESTER 2 2024 What happens to the implied real wage if the markup by firms increases? Select one: A. It decreases. B. It fluctuates with the unemployment rate. C. It remains unchanged. D. It increases.

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Document information

  • September 3, 2024
  • 582
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • intermediate macroeconomics ecs2602

Written for

  • University of South Africa (Unisa)
  • Intermediate Macroeconomics (ECS2602)
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Education is the most powerful weapon which you can use to change the world

,9/3/24, 5:03 AM Assessment 3 (page 25 of 30)




ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 3

QUIZ




Question 25

Answer saved

Marked out of 1.00




According to the price-setting relation, which one of the following will NOT influence price-setting by firms in an imperfectly
competitive market?


Select one:
A. the relation between the inputs used in production and the quantity of output produced

B. the nature of the production function

C. the nominal wage per unit of output

D. the expected prices of inputs

Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=21760955&cmid=848063&page=24 1/1

, 9/3/24, 5:18 AM Assessment 3 (page 13 of 30)




ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 3

QUIZ




Question 13

Not yet answered

Marked out of 1.00




Which one of the following institutional factors does NOT play an essential role in the way wages are determined in most
countries?


Select one:
A. wages depend on labour market conditions

B. the expected price level, the unemployment rate, and institutional factors will influence workers’ behaviour when
negotiating wages

C. the lower the unemployment rate, the higher the wages

D. the absence of reservation wages

Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=21761193&cmid=848063&page=12 1/1

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