Adverse technological shock on the labor market

Assignment Help Macroeconomics
Reference no: EM13756654

Part A

1. Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way.

2. You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)? Provide at least two (2) supporting facts to support your response.

Part B

1. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.

2. Suppose you were interested in increasing technological progress in your country. Suggest two (2) ways to do this.

Reference no: EM13756654

Derive an algebraic expression for the demand for labour

Derive an algebraic expression for the demand for labour, Based on your results, derive an expression for the elasticity of labour demand with respect to the real wage rate.

What is the consumer price index

What is the Consumer Price Index (CPI) and How has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of th

Impact us business seeking to do business in other countries

Determine how the content of the report you selected would most likely impact U.S. businesses seeking to do business in foreign countries. Provide specific examples to suppo

Identify and discuss expectations of changes in economic

Identify and discuss expectations of changes in economic, financial, and international conditions in the near future - Identify whether the Fed should continue its current pac

Show the effect of dollar appreciation and depreciation

Is China still using central bank foreign exchange policy to maintain the value of the yuan? What is the current policy of the United States on this issue - If the U.S. econ

Current macroeconomic situation

Write your individual answers to the questions listed above together in essay format (minumum of 300 words combined in APA style), using correct economic terms covered in the

What is the consumer expenditure survey

What is the Consumer Price Index (CPI)? How has the CPI behaved since the year 2000? What have been the causes of these changes? In your response, include a graph of the C

How does monetary policy aim to avoid inflation

What are the factors that would influence the Federal Reserve in adjusting the discount rate - how does the discount rate affect the decisions of banks in setting their specif

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd