Questions from Macroeconomics

Q: Why is the quantity of labor demanded inversely related to the real

Why is the quantity of labor demanded inversely related to the real wage rate?

Q: Is the quantity of labor supplied inversely related to the real wage

Is the quantity of labor supplied inversely related to the real wage rate? Why or why not?

Q: Identify three things that can change labor demand or supply and reduce

Identify three things that can change labor demand or supply and reduce employment. How would each of these affect real wages?

Q: What are the three categories of employment status? What movement between

What are the three categories of employment status? What movement between categories results from the existence of discouraged workers?

Q: What is frictional unemployment? Why can it be beneficial for workers

What is frictional unemployment? Why can it be beneficial for workers, firms, and the economy?

Q: The graph on the next page is based on quarterly data on

The graph on the next page is based on quarterly data on unemployment and real output growth in the United States between 2006 (q1) and 2013 (q2). Are these data consistent with the real business cycl...

Q: Why does structural unemployment occur?

Why does structural unemployment occur?

Q: Why does real wage rigidity contribute to unemployment? What are its

Why does real wage rigidity contribute to unemployment? What are its causes?

Q: What is the natural rate of unemployment? What has caused the

What is the natural rate of unemployment? What has caused the natural rate to change over time?

Q: What three motives for holding money did Keynes consider in his liquidity

What three motives for holding money did Keynes consider in his liquidity preference theory of the demand for real money balances? Based on these motives, what variables did he think determined the de...