3) . A rising real wage and employment level can be explained by a. a decrease in productivity; b. an increase in the ti...
3) . A rising real wage and employment level can be explained by a. a decrease in productivity; b. an increase in the time endowment (labor force participation rate); c. an increase in productivity and time endowment; d. an increase in productivity.
Homework Answers
Answer
Option d
d. an increase in productivity.
the increase in the productivity increases real wage as the firms can afford to pay higher wages and the forward and backward linkages of increased productivity increase employment which is also called the multiplier effect of productivity
Add Answer to:
3) . A rising real wage and employment level can be explained by a. a decrease in productivity; b. an increase in the ti...
1 i) A rising real wage and employment level can be explained by a a) decrease...
1 i) A rising real wage and employment level can be explained by a a) decrease in productivity; b. an increase in the time endowment (labor force participation rate); c. an increase in productivity and time endowment; d. an increase in productivity.
An increase in the minimum wage could: a) reduce employment and decrease income. b) increase employment...
An increase in the minimum wage could: a) reduce employment and decrease income. b) increase employment and decrease income. c) increase employment and increase income. d) reduce employment and increase income.
In the figure below, when employment is at the level at point C, the wage-setting curve...
In the figure below, when employment is at the level at point C, the wage-setting curve lies below the price setting curve. Assume inflation is zero at point A In a competitive system, firms will begin to prices and this will start a process of Waresting curve Labour productivity Real profit per worker (High unemployment) Price setting curve (Low unemployment Real wage Real wage per worker Employment, N Employment at labour market equilibrium reduce inflation increase inflation Firms will cut...
A new productivity breakthrough in computer technology is announced; as a result, the marginal product of...
A new productivity breakthrough in computer technology is announced; as a result, the marginal product of labour will double next year. What happens to current employment and the real wage rate? (Please provide sufficient./reasonable/ detail explanation) A) Both employment and the real wage rate would increase. B) Both employment and the real wage rate would decrease. C) Employment would increase and the real wage would decrease. D) Employment would decrease and the real wage would increase.
1. The reservation wage likely increases when A. the price of consumption increases. B. the wage...
1. The reservation wage likely increases when A. the price of consumption increases. B. the wage increases. C. the price level (of consumption and wages) increases. D. non-labor income increases. E. one is a discouraged worker. 2. Due to the added worker effect, the labor force participation rate A. increases during a recession. B. decreases during a recession. C. a fairly useless statistic. D. over-counts the number of workers wanting a job. E. over-counts the number of workers with a...
An increase in the employment-to-population ratio would O cause the labor force participation rate to increase....
An increase in the employment-to-population ratio would O cause the labor force participation rate to increase. cause aggregate hours to decrease. cause aggregate hours to increase. O cause the labor force participation rate to decrease. O have no effect on aggregate hours.
HOMEWORK # 3 Productivity. Outeut and Employment #1 suppose the economy's production function is v-AK0.3 0.7...
HOMEWORK # 3 Productivity. Outeut and Employment #1 suppose the economy's production function is v-AK0.3 0.7 When K 2,000 N=50 what is r? (in % form and 1 decimal) #2 According to Okun's law, if actual output grew 3% and full-employment output rose 5%, what would be the change in the unemployment rate? #3 Cupcake Stand # Cupcakes Produced # workers 0 12 30 36 40 If Cupcakes sell for $5 each and the wage rate (nominal) is $40, how...
can someone explain please Question 5 0/2 pts Which of the following is most likely to...
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
all question pls 1. Define GDP, Real GDP, and NDP 2. Explain the effect of change...
all question pls
1. Define GDP, Real GDP, and NDP 2. Explain the effect of change in labor productivity and change in the exchange rate on the AD and SRAS curve. 3. Explain what factors can shift the AD curve and what can create a movement along the AD Curve? 4. Discuss what factors can shift the SRAS curve? 5. Can an increase in wage rate influence the SRAS curve? 6. Define CPI? How can you calculate inflation rate from...
What will happen to the equilibrium wage rate and level of employment in the labor market...
What will happen to the equilibrium wage rate and level of employment in the labor market if there is an increase in labor demand and an increase in labor supply? Be specific with respect to the impact on wages and employment.
In the figure below, when employment is at the level at point C, the wage-setting curve lies below the price setting curve. Assume inflation is zero at point A In a competitive system, firms will begin to prices and this will start a process of Waresting curve Labour productivity Real profit per worker (High unemployment) Price setting curve (Low unemployment Real wage Real wage per worker Employment, N Employment at labour market equilibrium reduce inflation increase inflation Firms will cut...
An increase in the employment-to-population ratio would O cause the labor force participation rate to increase. cause aggregate hours to decrease. cause aggregate hours to increase. O cause the labor force participation rate to decrease. O have no effect on aggregate hours.
HOMEWORK # 3 Productivity. Outeut and Employment #1 suppose the economy's production function is v-AK0.3 0.7 When K 2,000 N=50 what is r? (in % form and 1 decimal) #2 According to Okun's law, if actual output grew 3% and full-employment output rose 5%, what would be the change in the unemployment rate? #3 Cupcake Stand # Cupcakes Produced # workers 0 12 30 36 40 If Cupcakes sell for $5 each and the wage rate (nominal) is $40, how...
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
all question pls
1. Define GDP, Real GDP, and NDP 2. Explain the effect of change in labor productivity and change in the exchange rate on the AD and SRAS curve. 3. Explain what factors can shift the AD curve and what can create a movement along the AD Curve? 4. Discuss what factors can shift the SRAS curve? 5. Can an increase in wage rate influence the SRAS curve? 6. Define CPI? How can you calculate inflation rate from...
Most questions answered within 3 hours.
-
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 6 minutes ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 1 hour ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 2 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 2 hours ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 2 hours ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 3 hours ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 3 hours ago -
Under all the various types of market structures, firms
must eventually earn some economic profits for...
asked 3 hours ago -
Consider the following fitness regime for a single locus trait
with two co-dominant alleles: w11 =...
asked 3 hours ago -
A large cable company reports the following.
80% of its customers subscribe to its cable TV...
asked 3 hours ago -
Please answer the question in brief.
Discuss the role of ERP in organizations. Are ERP tools...
asked 3 hours ago -
Discuss the pros and cons of collaborative software such
as SameTime. Does it increase productivity? What...
asked 3 hours ago