Suppose That After Living Through the Great Recession of 2007-2009,people

question 146

Essay

Suppose that after living through the great recession of 2007-2009,people decide to save a greater percentage of their incomes.How does this impact the loanable funds market and the aggregate demand curve?

Analyze the effects of labor unions on wages and employment levels.

Identify and explain different forms of labor market discrimination.

Understand the role of minimum wage laws and their impact on the labor market.

Describe how wage differences among workers can be explained by various factors including human capital, discrimination, and unions.

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Definitions:

Salable Products Services

Products and services that are appealing to consumers and capable of being sold in the marketplace.

New-product Development Process

The series of steps from idea generation to market launch that companies follow to create and introduce a new product.

Business Opportunities

Opportunities in the market where products, services, or business practices can be introduced or improved for potential profit and growth.

Screeningevaluation

An initial assessment process to determine the viability, risk, or worthiness of a project or candidate.