Elucidate how an increase in your nominal income

Assignment Help Macroeconomics

Reference no: EM1333929

Productivity often rises during economic expansions and fa

1.Productivity often rises during economic expansions and falls during economic recessions. Can you think of reasons why? Briefly explain. (Hint:Remember that the level of productivity involves both levels of output and levels of labor input.)

2.Use the following data to calculate (a) the size of the labor force and (b) the official unemployment rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs,10.

3.Explain how an increase in your nominal income and a decrease in your real income might occur simultaneously. Who loses from inflation? Who loses from unemployment? If you had to choose between (a)full employment with 6% annual rate of inflation and (b) price stability with an 8% unemployment rate, which would you choose? Why?

Reference no: EM1333929

Questions Cloud

Trends and challenges paper and presentation : Prepare paper discussing existing trends and challenges in HR management and show how a complete performance management system differs from the use of annual performance appraisals

Vision and strategy of the organization : How does Coca Cola customer service perspective relate to the mission, vision and strategy of the organization?

Inflation and interest rates : What is the difference between systematic and unsystematic risk? How is the beta coefficient used to assess risk? Is it better to maximize return or minimize risk? Why?

Write down a c++ program for little man''s computer : A text file containing machine code (not assembly code) for little man's computer following instruction set . Instructions are in different lines (no need for semicolon at the end of each instruction)

Elucidate how an increase in your nominal income : Elucidate how an increase in your nominal income and a decrease in your real income might occur simultaneously.

Analyze the business strategy of kodak and wal-mart blockbus : Analyze the business strategy of Kodak, Wal-Mart and Blockbuster.

How is employment-at-will applied in your organization : How is employment-at-will applied in your organization or in one with which you are familiar and what extent do the exceptions to employment-at-will limit its application in the organization

Addressing the confidentiality of medical records : What interests are served by maintaining confidentiality of medical records?

Risk premium on the market : Assume an ExxonMobil Corporation bond will pay $4,500 ten years from now. If the going interest rate on safe 10-year bonds is 4.25%, how much is the bond?

User Account

All Pages