This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe the pattern of growth rates in real GDP per hour worked in the United States since the ... (Read 60 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 29, 2018
Describe the pattern of growth rates in real GDP per hour worked in the United States since the early nineteenth century. Has output per hour worked consistently increased at the same rate? Explain.
 
  What will be an ideal response?

Question 2

The price level in the economy between 2014 and 2015 rose from 100 to 105. Between 2015 and 2016, the price level rose from 105 to 110.25. How does the short-run Phillips curve predict the unemployment rate will change as a result?
 
  A) The unemployment rate will decrease since inflation decreased.
  B) The unemployment rate would not change since there is no change in the rate of inflation.
  C) The unemployment rate will increase since inflation increased.
  D) The unemployment rate will decrease since inflation increased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Madisongo23

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 29, 2018
Answer to Question 1

Growth in real GDP per hour worked averaged 1.3 throughout the nineteenth century and then increased to over 2 until the mid-1970s (when it fell to 1.3 again). Productivity slowed dramatically during the mid-1970s, but the emergence of the new economy saw average annual growth rates in GDP per hour worked rebound to 2.4 from 1996 - 2005, and then slowed to 1.2 from 2006-2014.

Answer to Question 2

B


joe

  • Member
  • Posts: 627
Reply 2 on: Jun 29, 2018
Wow, this really help

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Metabolic rates of animals that differ in size. Metabolic rates of animals that differ in size.
Different parts of the body mature at different rates. “General” refers to the body as a whole: the Different parts of the body mature at different rates. “General” refers to the body as a whole: the
Annual Water Use in the United States Annual Water Use in the United States
The Impact of Reduction Campaigns on Sids Rates The Impact of Reduction Campaigns on Sids Rates
Both the top and bottom pattern have the same frequency. However, the amount of on-time varies. Both the top and bottom pattern have the same frequency. However, the amount of on-time varies.
Decomposition of Productivity Gap Between India and the United States Decomposition of Productivity Gap Between India and the United States
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library