Question

Write an essay discussing the employee-employer work relationship
Write an essay of 250 words on the biblical guidelines concerning the employee-employer work relationship (note: in the Bible slave/master relationship). Your research can include commentaries as well as verses from the Bible. Be sure to consider how employers and employees should treat each other and also what the proper attitudes of each should be.

Here are several verses to assist you in your research:

Ephesians 6:5-9
Colossians 3:22 and 4:1
1 Peter 2:18
Titus 2:9

Answer 1

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!