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Over the period from 1979 through 1989, manufacturing employment fell by 1.6 million. What factors caused the relative decline in manufacturing employment?
What do you think would happen to Boston area rents and housing prices if in fact the minimum wage were set at $15.28 per hour?
What does this evidence say about the relevance of the claim that sticky wages and prices cause high unemployment?
What steps should those governments take to bring the unemployment rate down to the 4.3% rate in the US and the UK without boosting the rate of inflation?
Harvard historian James Landis has argued that most of the long-term differences in productivity growth among countries. Defend or reject this hypothesis.
What measures of monetary stimulus were used? What measures of fiscal stimulus were used? Why did the economy fail to respond very much to these measures?
What were the major factors causing growth to slow down after 1973? To what extent were the same factors present in the post-1991 slowdown?
How is full employment defined, and why does the full-employment rate of unemployment keep changing?
What would social security payments have been in 2001 if the actual rate of inflation had been used?
What further information would be required to determine the underlying rate of inflation? Suppose the core rate for the intermediate rate rose 0.1%.
What are the major causes of error in the preliminary NIPA data, and what could be done to reduce these errors?
which is not unusual - what conclusions can be drawn about basing business plans on the latest monthly employment and unemployment data?
If economists generally agree that fixed-weight price indexes overstate. Why is the CPI still the most popular and widely quoted measure of inflation?
Why would have been the case had the auto industry merely announced an actual 2% price reduction.
What major factor causes the implicit price deflator and the chained price deflator to diverge over time?
Explain why current income would be the case most of the time. In what circumstances would you expect it not to be the case?
Yet we find that for any given year, the saving rate has a strong positive correlation with the level of income. How can these facts be reconciled?
What impact do you think this had on consumption and saving? In mid-2001, a rebate of about $45 billion, representing the same proportion of disposable income.
What would you expect to happen to the personal saving rate in late 1968, 1969, the first half of 1970, and the last half of 1970?
From mid-1996 to mid-1999, the personal saving rate fell from 5% to 3%. What were the principal factors that caused this decline?