What are the macroeconomic implications from the recent increase in trend rate productivity?
Please provide the best answer for the statement.
Higher productivity growth permits the economy to achieve a faster rate of economic growth. This notion would be illustrated by a farther shift outward of the production possibilities curve. This faster rate of growth is possible without inflation because of greater productivity gains and increasing returns to scale for more businesses.
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The present value of $475 received 3 years in the future would be calculated as which of the following when the interest rate is 6 percent?
A) 475 × 1.6 × 3 B) 475/(1.6)3 C) 475/(1.06)3 D) 3.06/475
Roughly 144 million people in the United States hold jobs
a. True b. False Indicate whether the statement is true or false
The consequences of an economic change that are not immediately identifiable but are felt only with the passage of time are known in economics as
a. opportunity costs. b. utility curves. c. secondary effects. d. comparative advantages.
If people correctly anticipate that inflation will fall by 1%, then
a. the short-run Phillips curve shifts right and unemployment is unchanged. b. the short-run Phillips curve shifts right and unemployment rises. c. the short-run Phillips curve shifts left and unemployment is unchanged. d. the short-run Phillips curve would shift left and unemployment falls.