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Question 1: Follow the link to Productivity and Costs data https://www.bls.gov/news.release/pdf/prod2.pdf Explain what has been happening recently, 2020 versus 2019, to productivity and costs of production?
Question 2: Based off of only the annual change in productivity data in Q1 answer the following question. Would the change in annual productivity impact the overall aggregate supply curve for goods and services in the Macro economy? If so how does it impact the supply curve? Graph your results using Excel or Google Graphs.
Question 3: Click on the Real Earnings pdf link here: https://www.bls.gov/news.release/pdf/realer.pdf What has been happening over the past year to the real earnings of U.S. workers? What are the nominal changes? What does the term "Real" mean? How does this, if at all, relate to the consumption finction?
Question 4: Based off of the annual income numbers in Q3; What do you believe will be the the impact of this change in income will have on the demand for Spam (the food not junk email)? Reflect this change by describing how either the supply or demand will react to this change. Is this considered to be a price determinant or a non-price determinant? Graph your results using Excel or Google Graphs.
Below draw an AD/AS graph and a money market graph side-by-side. For the money market, use an upward sloping money supply curve and assume that the equilibrium interest rate in the money market is 5%. Then explain and show what happens if the Fed act..
In microeconomics we are concerned about markets being in equilibrium. This refers to the point at which price, supply, and demand, are in equilibrium. What it means to have a market in equilibrium, and how changes in supply or price would affect thi..
Which of the following contributes to the unavoidable trade-off between denying aid to some deserving individuals and aiding some undeserving individuals?
Cloud computing is a collection of individual technologies that become one integrated technology for deployment. Create a 3-page process map using Visio® showing the various components of cloud computing and who has responsibility for the implement..
q1. suppose that disposable income consumption and saving in some country are 200 billion 150 billion and 50 billion
Describe the role of nursing in the field of epidemiology. Compare and contrast the key features of descriptive epidemiology with those of analytic epidemiology
Describe the impact of a payroll tax on wages and employment in a competitive industry. Why is part of the tax shifted to workers? What is the deadweight loss of the payroll tax?
Why might mandating better employment protections for workers increase the unemployment rate?
Some theories have a zero-sum perspective of political stakes, while others believe stakes are non-zero-sum. __________ agree with respect to the nature of political stakes in the world
One of the major problems associated with MNCs is a decline in corporate tax revenue of advanced countries since the 1990s. What should host and home countries do to solve this problem?
which of following is a characteristic of a binomial experiment. A. at least 2 outcomes are possible b. probability changes from trial to trial c. trials are independent d. None of these alternatives is correct.
Trade liberalization leads to a "race to the bottom" in environmental standards. Make the argument and counter-argument, present the following data;
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