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## ECN 150: Graded assignment #1

by: Alexis Ibarra

49

2

2

# ECN 150: Graded assignment #1 ECN 150

Marketplace > La Salle University > Economcs > ECN 150 > ECN 150 Graded assignment 1
Alexis Ibarra
La Salle
GPA 3.89

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COURSE
Macroeconomics
PROF.
Francis Thomas Mallon
TYPE
Bundle
PAGES
2
WORDS
CONCEPTS
Economics, Macroeconomics
KARMA
75 ?

## Popular in Economcs

This 2 page Bundle was uploaded by Alexis Ibarra on Wednesday February 17, 2016. The Bundle belongs to ECN 150 at La Salle University taught by Francis Thomas Mallon in Summer 2015. Since its upload, it has received 49 views. For similar materials see Macroeconomics in Economcs at La Salle University.

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Date Created: 02/17/16
Graded Assignment #1 Question 2 What would happen to the equilibrium wage rate if there were government initiatives enacted that  would entice more employers to bring their companies to the city of Philadelphia and there would  prove to be an additional 40,000 workers demanded at each potential wage rate?   If there were government initiatives enacted that would entice more employers to bring their  companies to the city of Philadelphia resulting in an additional 40,000 workers demanded at each  potential wage rate, this would result in a shift of the entire demand curve upwards to the right.  The equilibrium wage rate would rise to \$11/hour and the quantity of labor would raise to  100,000.

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