Q: : The following graph shows the quarterly change in private inventories in
The following graph shows the quarterly change in private inventories in the United States from 2007 to 2010. (Figures are billions of 2005 dollars.) Explain the changes in private inventories during...
See AnswerQ: From 2009 to 2013, stock prices doubled in the United States
From 2009 to 2013, stock prices doubled in the United States. What was the likely effect of this stock market rise on business investment in the United States? Explain using Tobin’s q theory.
See AnswerQ: A relatively recent trend in most developed countries, including the United
A relatively recent trend in most developed countries, including the United States, is the creation of single-person households. Discuss the short- and long-run consequences of this trend on residenti...
See AnswerQ: Assume that the marginal product of labor is MPL = 0.
Assume that the marginal product of labor is MPL = 0.65 * $13>L, where output is measured in trillions and L is the number of workers (in millions). a) Draw the MPL curve. b) Find the quantity of work...
See AnswerQ: The natural rate of unemployment is higher in France than in the
The natural rate of unemployment is higher in France than in the United States. Suppose you are a recent college graduate and you are eager to find a job. Which country’s labor market seems more promi...
See AnswerQ: Anthony currently earns $25 an hour and works forty hours a
Anthony currently earns $25 an hour and works forty hours a week. When his boss offers to pay him $28 per hour, Anthony decides to accept the offer and also decides to keep working forty hours. What i...
See AnswerQ: Using a graph, analyze the effect of technological advances that have
Using a graph, analyze the effect of technological advances that have increased workers’ productivity in the last few decades (e.g., the Internet) on the labor market. What will be the effect on the r...
See AnswerQ: Go to the St. Louis Federal Reserve FRED database, and
Go to the St. Louis Federal Reserve FRED database, and find data on real GDP (GDPC1) and the GDP deflator (GDPDEF). Convert the deflator to the inflation rate by setting the Units setting to “Percent...
See AnswerQ: Using a graph, analyze the effect of a recession and an
Using a graph, analyze the effect of a recession and an increase in day care costs on the real wage and employment.
See AnswerQ: For each of the following situations, explain how the labor force
For each of the following situations, explain how the labor force and the unemployment rate change. a) An individual quits his or her job and does not look for a job anymore. b) An individual who was...
See Answer
