Will an increase in worker productivity brought about by the introduction of new technology into the...
Will an increase in worker productivity brought about by the introduction of new technology into the workplace shift the long-run Phillips curve to the left?
Homework Answers
Yes,an increase in the worker productivity brought about by the introduction of a new technology in the workplace will shift the long run Phillips curve to the left because the natural rate of unemployment decreases.
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Will an increase in worker productivity brought about by the
introduction of new technology into the...
An increase in worker productivity brought about by the introduction of new technology into the workplace...
An increase in worker productivity brought about by the introduction of new technology into the workplace will shift the long-run Phillips curve to the left. shift the long-run Phillips curve to the right. decrease aggregate demand, since workers will lose their jobs. increase inflation in the short-run
4. Which of the following will cause an increase in output per worker in the long...
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
An increase in expected inflation shifts the short-run Phillips curve right. a. b. short-run Phillips curve...
An increase in expected inflation shifts the short-run Phillips curve right. a. b. short-run Phillips curve left. long-run Phillips curve right. C. d. long-run Phillips curve left. O Icon Key
Consider the following statements a. A fall in expected inflation will shift the long-run Phillips curves...
Consider the following statements a. A fall in expected inflation will shift the long-run Phillips curves to the left. b. A fall in expected inflation will shift the short-run Phillips curve to the left. c. An increase in expected inflation will leave the long-run Phillips curve unaffected. d. An increase in unanticipated inflation will change the distribution of income in the economy 1 Only (a) is correct 2 Both (c) and (d) are correct 3 (b) (c) and (d) are...
When there is a decrease in the interest rate you can expect to see Increase in...
When there is a decrease in the interest rate you can expect to see Increase in investment Decrease in Spending Increase in savings Both increase in investment and increase in savings If an economy develops a technology to produce all goods and services more efficiently ( ie. The internet) We would move up the short run aggregate supply curve We would move down the short run aggregate supply curve The long run aggregate supply curve would shift left The long...
In the long run, an increase in the money supply growth rate? A.reduces expected inflation so...
In the long run, an increase in the money supply growth rate? A.reduces expected inflation so the short run Philips curve shifts left B. raises expected inflation so the short-run phillips curve shifts left C.raises expected inflation so the short-run phillips curve shifts right d. none of the above is correct
11. How does a decrease in the expected rate of inflation shift the Phillips curves? a....
11. How does a decrease in the expected rate of inflation shift the Phillips curves? a. It shifts both the short-run and long-run Phillips curves to the right. b. It shifts both the short-run and long-run Phillips curves to the left. It shifts only the short-run Phillips curve to the right. d. It shifts only the short-run Phillips curve to the left. in hou do the short-run Phillips curve and unemplo C.
Which of the following is true? An increase in structural unemployment shifts the Phillips curve to...
Which of the following is true? An increase in structural unemployment shifts the Phillips curve to the left and an increase in inflation expectations shifts the Phillips curve down. 0 An increase in structural unemployment shifts the Phillips curve to the right and an increase in inflation expectations shifts the Phillips curve down. 0 An increase in structural unemployment shifts the Phillips curve to the left and an increase in inflation expectations shifts the Phillips curve up. O An increase...
Consider the short-run and long-run Phillips Curves illustrated in the figure below. Assume consumers have a...
Consider the short-run and long-run Phillips Curves illustrated in the figure below. Assume consumers have a daptive expectations. Suppose the inflation rate has been 15 percent for the past four years. The unemployment rate is currently at the natural rate of unemployment of 5 percent. The Federal Reserve decides that it wants to permanently reduce the inflation rate to 5 percent and uses monetary policy to do so. Describe the new short-run Phillips Curve with adaptive expectations. PC- PC- Inflation...
7. Which determinant(s) of workerís productivity (technology, physical cap- ital per worker, human capital per worker,...
7. Which determinant(s) of workerís productivity (technology, physical cap- ital per worker, human capital per worker, and/or natural resources per worker) will be a§ected, how (increase or decrease) and why (provide some very brief reasoning) if the government: (a) eliminates tari§s on imported agricultural products (b) eliminates barriers to skilled labor immigration (c) uses Öscal policy to attract foreign direct investment (d) cuts grants for academic research (e) eliminates existing investment tax credits (f) improves the quality of the health...
4. Which of the following will cause an increase in output per worker in the long run? A. an increase in the saving rate ( B. a reduction in the depreciation rate C. an increase in the stock of human capital D. an improvement of technology 5. Suppose, due to a military conflict, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend...
An increase in expected inflation shifts the short-run Phillips curve right. a. b. short-run Phillips curve left. long-run Phillips curve right. C. d. long-run Phillips curve left. O Icon Key
11. How does a decrease in the expected rate of inflation shift the Phillips curves? a. It shifts both the short-run and long-run Phillips curves to the right. b. It shifts both the short-run and long-run Phillips curves to the left. It shifts only the short-run Phillips curve to the right. d. It shifts only the short-run Phillips curve to the left. in hou do the short-run Phillips curve and unemplo C.
Which of the following is true? An increase in structural unemployment shifts the Phillips curve to the left and an increase in inflation expectations shifts the Phillips curve down. 0 An increase in structural unemployment shifts the Phillips curve to the right and an increase in inflation expectations shifts the Phillips curve down. 0 An increase in structural unemployment shifts the Phillips curve to the left and an increase in inflation expectations shifts the Phillips curve up. O An increase...
Consider the short-run and long-run Phillips Curves illustrated in the figure below. Assume consumers have a daptive expectations. Suppose the inflation rate has been 15 percent for the past four years. The unemployment rate is currently at the natural rate of unemployment of 5 percent. The Federal Reserve decides that it wants to permanently reduce the inflation rate to 5 percent and uses monetary policy to do so. Describe the new short-run Phillips Curve with adaptive expectations. PC- PC- Inflation...
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