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Productivity explained in this answer
Between March 2001 (the official start of the recession) and March 2002, measured RGDP in the economy actually rose by about 2.5%, even though total employment in terms of hours worked declined by 1.8% and the unemployment rate rose sharply from 4.3% to 5.8% (The GDP Deflator only increased by about 1% - 1.4% during this period)(This tendency for employment to decline despite growth in RGDP continued up to and right through the summer of 2003)
What can you infer from this data about labor productivity growth in the US economy during the period March 2001-March 2002? Give a numeric answer if possible and explain your answer in a few sentences.
A nation has a lower inflation rate than all growth. What can be said about each of the following.
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Depends on this information, elucidate the effect on the consumption of cereal.
Discuss its current status. If possible, current a separate graph for each indicator illustrating the historic trend for each.
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They could have rented it on the open marketplace for $700 per month. The condo owner was formerly renting the unit for $500 every month.
Explain all your answers below clearly, including brief definitions of each term.
Using indifference curve analysis, explain and show graphically the effects of higher gasoline prices on:
The demand for polished bronze is given by P = 100 - Q/2. Production of polished bronze is controlled by Bronze Indentify BIs profit maximizing output and price. What is the cost to the town of removing the mercury pollution?
Elucidate why do you think U.S. investors do not try to capitalize on the high interest rates in Mexico.
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