If output is below its natural rate, there will be pressure for wages to __________ because unemployment is ____________.

Explain  what would happen to unemployment and output in the short run if job support payments (both Jobseeker and Jobkeeper) were switched off.

The marginal product of labor (measured in units of output) for a certain firm is: MPN = A(100-N), where A measures productivity and N is the number of labor hours used in production. The price of output is $2 per unit. (Round all answers to two decimal places.) If A = 1 and the nominal wage is $80, the quantity of labor demanded will be 60 If A = 1 and the nominal wage is $100, the quantity of labor demanded will be 50 Assume that A is equal to 1. Using the line drawing tool, draw the labor demand curve from 0 to 100 units of labor. Properly label this line. Carefully follow the instructions above, and only draw the required objects. If A = 1, the price of output is $4, and the supply of labor is fixed at 85, the equilibrium real wage is 15, and the equilibrium nominal wage is $60. C Real Wage, W/P 220- 200- 180- 160- 140- 120- 100- 80- 60- 40- 20- 0 (10,0) 0 10 20 30 40 50 60 70 80 90 100 110 120 Labor, N ON

Need complet answer. please 1. There will never be full employment in the Australian economy. Do you agree? Explain your answer