Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 3, Problem 2AP
a)
To determine
The impact of immigration in a country on the current level of full-employment output.
b)
To determine
The impact of energy supply depletion on the current level of full-employment output.
c)
To determine
The impact of new teaching techniques on the current level of full-employment output.
d)
To determine
The impact of a new law that mandates the shutdown of some unsafe form of capital on the current level of full-employment output.
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How will each of the following affect the current level of full employment output?Explaina) A large number of immigrants enter the country.b) Energy supplies become depleted.c) New teaching techniques improve the educational performance of high schoolseniorsd) A new law mandates the shutdown of some unsafe forms of capital.
With the Cobb-Douglass production function, the real wage will increase if:
A. the supply of labor increases
B. total factor productivity increases
C. the price of output increases
D. the amount of capital decreases
suppose there is an adverse supply shock. It would
a. Shift the production function up and decrease marginal products at every level of employment
b. Shift the production function down and decrease marginal products at every level of employment
c. Shift the production function up and increase marginal products at every level of employment
d. Shift the production fun going down and increase marginal products at every level of employment
Chapter 3 Solutions
Macroeconomics
Ch. 3 - Prob. 1RQCh. 3 - Prob. 2RQCh. 3 - Prob. 3RQCh. 3 - Prob. 4RQCh. 3 - Prob. 5RQCh. 3 - Prob. 6RQCh. 3 - Prob. 7RQCh. 3 - Prob. 8RQCh. 3 - Prob. 9RQCh. 3 - Prob. 10RQ
Ch. 3 - Prob. 11RQCh. 3 - Prob. 12RQCh. 3 - Prob. 13RQCh. 3 - Prob. 14RQCh. 3 - Prob. 15RQCh. 3 - Prob. 1NPCh. 3 - Prob. 2NPCh. 3 - Prob. 3NPCh. 3 - Prob. 4NPCh. 3 - Prob. 5NPCh. 3 - Prob. 6NPCh. 3 - Prob. 7NPCh. 3 - Prob. 8NPCh. 3 - Prob. 9NPCh. 3 - Prob. 10NPCh. 3 - Prob. 1APCh. 3 - Prob. 2APCh. 3 - Prob. 3APCh. 3 - Prob. 4APCh. 3 - Prob. 5APCh. 3 - Prob. 6APCh. 3 - Prob. 7AP
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