What is an employment in the macroeconomy

Reference no: EM131443709

Question: How would each of the following likely affect long-run and/or short-run aggregate supply and employment in the macroeconomy?

a. an increase in the productivity of the labor force due to increased education

b. the coldest year in a century leads to frequent ice and snow storms

c. major advances in computer and Internet technologies

Reference no: EM131443709

Questions Cloud

Calculate the ion activity product : CHEM/MSCI 624/729 Spring 2017 Take Home Exam. Solutions of Calcium Chloride (CaCl2) are often sprayed on dirt roads at large construction projects to reduce dust associated with construction vehicle traffic. Calculate the Ion Activity Product (IAP) f..

How does quanity demand change : If the price falls to $2, how does quanity demand change? How does Bert's consumer surplus change? How does Bert's consumer surplus change? Show these changes in a graph.

What is the unemployment rate and real output : Predict the impact an unexpected decrease in the money supply would have on the following variables in the short run and in the long run.

Explain price competition in perfect competition : Explain price competition in perfect competition. Explain the barriers to entry in perfect competition. Does this pharmaceutical industry conform to an economist's definition of a perfectly competitive market? Justify your response.

What is an employment in the macroeconomy : How would each of the following likely affect long-run and/or short-run aggregate supply and employment in the macroeconomy? a. an increase in the productivity of the labor force due to increased education b. the coldest year in a century leads to fr..

Summary of the key finding of the article : Summary of the key finding of the article.Participants in the study (how many, what age/gender, where they came from or how were they selected).Describe the independent variable (what groups were compared, or what was done to the participants).Descri..

Problem regarding the autonomous exports : Assume that the marginal propensity to expend is 0.50 and therefore the multiplier is 2. According to the multiplier model, an increase in autonomous exports of 100 would raise the equilibrium level of income by 200. Explain how the multiplier pro..

Positionon of the las curve : Unfortunately you can't give him solid policy prescriptions based on that model because you do not know the positionon of the LAS curve. Explain why not knowing this creates a problem.

Define comparative advatage : Bud and Larry have been shipwrecked on a deserted island. Their economic activity consists of either gathering berries or fishing. We know that Bud can catch four fish in one hour or harvest two buckets of berries. In the same time Larry can catch..

User Account

All Pages