Higher labor adjustment costs increase the effect of a real shock on real GDP growth.? t/f
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Higher labor adjustment costs increase the effect of a real shock on real GDP growth.? t/f
A real shock is any shock that increases or decreases the growth rate of: real GDP. potential GDP. prices. O nominal GDP
Why willl nominal GDP growth rates typically be higher than real GDP growth rates? a. because prices generally decreases b. because GDP generally decreases c. Because prices generally increase d. because GDP generally increases
T or F Firms tend to be less profitable when there is higher real growth in the underlying market than when there is lower real growth
Suppose a country wanted to increase the rate of growth of its per capita real GDP. It could do this by A.decreasing the growth rate of real GDP and decreasing the population growth rate. B.decreasing the growth rate of real GDP and increasing the population growth rate. C.increasing the growth rate of real GDP and increasing the population growth rate. D.increasing the growth rate of real GDP and decreasing the population growth rate.
If nominal GDP growth between period t−1 and t was 3.3%, while real GDP growth during the same time was 2.7%, then the GDP deflator in between t−1 and t. a)must have increased due to inflation. b)possibly increased due to deflation. c)must have decreased due deflation. d)stayed the same due to inflation. e)possibly decreased due to deflation.
1. Net operating surplus is procyclical, but it will only start
to increase after real GDP increases and it decreases only after
real GDP decreases.
-T/F?
2. The macroeconomic data show that is just as
volatile as .
-T/F?
3. Real GDP divided by the total supply of labor given the
________ of labor.
-Fill in the blank
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Consider an economy that begins with real GDP equal to potential GDP. There is then a sudden increase in the prices of raw materials, which shifts the aggregate supply (AS)curve upward. a. Draw the initial long run equilibrium in an AD/AS diagram. b. Now show the immediate effect of the supply shock in your diagram. c. Suppose wages and prices in this economy adjust instantly to shocks. Explain what happens to unemployment in this economy. d. If wages and prices...
Complete the statment about economic policymaking. When considering economic growth, many policymakers focus on real GDP per capita because it takes into account the potentially distorting effects of and Any large, sustainable increase in real GDP must be the result of increased That is, a sustainable increase in real GDP must be due to higher
Use the graph shown below to calculate the growth rate of real GDP for a price increase of 20 percentage points in each case. Enter your responses below rounded to one decimal place.a. If the present price level is 100, the growth rate of real GDP is %.b. If the present price level is 120, the growth rate of real GDP is %.
We have discussed two models that describe the relationship between inflation and economic growth. Which of the following is a property of the New Keynesian Model but NOT the Real Business Cycle (RBC) Model? Monetary policy has no effect on long run economic growth Recessions can be caused by a fall in aggregate demand. Prices are fully flexible in both the short and long run. All the above are properties of the RBC model. None of the above are properties...