What do you think the increase in productivity

Assignment Help Macroeconomics
Reference no: EM1329843

The concepts of full employment, inflationary gaps, and recessionary gaps and current level of unemployment in terms of current and potential GDP.

If a change in productivity occurs, what are the changes to equilibrium output, prices, and the unemployment level.

Assume that right now, the consensus in the economic group is that the economy is already operating below full-employment. Can you help me understand the likely effects of increasing productivity on equilibrium GDP?

Do you think the increase in productivity is likely to move the economy closer to full-employment or farther away?

Regarding inflation, how are price levels are likely to change? Assuming high levels of unemployment, and workers wouldn't be getting wage raises very easily, will the change in productivity likely increase or reduce prices in the economy?

 

Reference no: EM1329843

Questions Cloud

Discuss the firms from a strategic perspective : In a narrative format, discuss these firms from a strategic perspective.
Explain why is strong home currency mitigate : Explain why is strong home currency mitigate the growth of inflation rate locally
What stages of computation does garbage collection : For a list with n Nodes, what is the maximum number of nodes that are "live" (i.e., accessible from a "root set" of variables) during the method inverse(), and when does this atmost occur.
Change and leadership characteristics : Change and Leadership Characteristics - Describe a change Discuss the kinds of leadership characteristics you believe are necessary to successfully mange change in organization for the next decade.
What do you think the increase in productivity : What do you think the increase in productivity is likely to move the economy closer to full-employment or farther away.
The success of an organization in meeting : Why is Strategic Recruitment critical to the success of an organization in meeting its goals and mission?
Imperfect market conditions : Imperfect market conditions exist in the real-world of corporate finance.
How will it affect health care in terms of cost : How will it affect health care in terms of cost and How will the law affect health care in terms of quality
Explain electronic medical record systems : What management, organization, and technology factors are responsible for the difficulties in building electronic medical record systems? Explain your answer.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Describing limit pricing

For several years, Palm was the dominant manufacturer of PDAs (personal digital assistants). However, a number of other manufacturers have since entered the PDA market.

  Find out the pricing strategy to increase revenues

In each of the cases listed below determine what this consumer needs to do (in terms of purchasing X and Y) to maximizes their utility.

  Equilibrium price and quantity for given level of income

Suppose the demand curve for a product is given by Q = 300-2P+4I where 'I' is average income measured in thousands of dollars. The supply curve is Q = 3P - 50.

  Merger market power

A hearing is scheduled for your company to present arguments that your firm has not increased its market power through the merger. Can you do this and how. What evidence might you bring to the hearing?

  Impact of fiscal stimulus on aggregate demand

Discuss the feasibility of lower middle or low income countries resorting to fiscal stimulus to stave off recessions in their own economies. You can use one or more countries as examples.

  Express how long would it take for the price level

Express how long would it take for the price level to double if inflation persisted.

  Illustrate what is the arc price elasticity for this product

For automobiles BWC sells chrome wheels for automobiles. At a price of $600 per set, they sold about 900 sets per month. Illustrate what is the arc price elasticity for this product.

  Describe the effects of monetary policies

Describe the effects of monetary policies on the economy's production and employment.

  Invention and change in savings on equilibrium level

What kind of shocks could have caused this change to the money demand function? Determine the new interest rate and equilibrium level of output.

  International business-economic view point

The requirement is:- term paper on International Business from economic view point. The topic is effect of corruption on Chinese and Indian economy and how India's IT sector.

  Elucidate the price elasticity of demand for coke

Utilizing the midpoint formula, elucidate the price elasticity of demand for Coke at these prices.

  If tarzan also jane are each nation willing

If Tarzan also Jane are each nation willing to give-up on hour of patrol for 2 pounds of fruit, is the current allocation of Cheetah's time Pareto efficient.

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