Author Question: For this question, assume productivity has been increasing by 5 per year. Also assume that workers' ... (Read 113 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
For this question, assume productivity has been increasing by 5 per year. Also assume that workers' expectations of productivity growth adjust slowly over time. For this economy, a reduction in productivity growth from 5 to 2 will most likely cause which of the following to occur?
 
  A) an increase in the natural rate of unemployment
  B) a reduction in the real wage
  C) an increase in the markup over labor costs
  D) all of the above
  E) none of the above

Question 2

Suppose the consumption equation is represented by the following: C = 250 + .75YD, then private savings is
 
  A) -250+0.25YD.
  B) -250+0.75YD.
  C) -1000+0.25YD.
  D) -1000+0.75YD.



nhea

  • Sr. Member
  • ****
  • Posts: 305
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

For a complete list of videos, visit our video library