Explain how the slow rate of growth in the average weekly wage rate influences aggregate supply. In
Question:
In July 2011, average weekly wage rates increased 0.1 percent from the previous month to $872.70. On a year-over-year basis, average weekly wage rates grew by 2.2 percent. This was the slowest wages growth since January 2010.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
A rise in the money wage rate decreases shortrun aggregate supply ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
Question Posted:
Students also viewed these Economics questions
-
Sonic Solutions develops digital media products, services, and technologies for consumers and content development professionals. In June 2010, a team of analysts at J.P. Morgan issued a research...
-
Explain why in the neoclassical growth model with exogenous technological change, the long-run equilibrium rate of growth in output is independent of the saving rate (S/Y)?
-
Sonic Solutions develops digital media products, services, and technologies for consumers and content development professionals. In June 2010, a team of analysts at J.P. Morgan issued a research...
-
The following are the major balance sheet classifications: Current assets (CA) Current liabilities (CL) Long-term investments (LTI) Long-term liabilities (LTL) Property, plant, and equipment (PPE)...
-
Sketch graphs of the following cost behaviours. In each graph, the y-axis should be total costs and the x-axis should be volume of activity. a. Step b. Fixed c. Curvilinear d. Mixed e. Variable
-
Read Case 5.1, which focuses on Panera Bread. What are some of the entry barriers a firm would have to deal with and try to overcome if it tried to compete against Panera Bread in the casual dining...
-
Calculate SS, variance, and standard deviation for the following population of N 5 8 scores: 1, 3, 1, 10, 1, 0, 1, 3. (Note: The computational formula works well with these scores.)
-
Refer to the information for Jasper Company above. Jasper Company provided the following information for last year: Sales in units ............... 300,000 Selling price ................ $9 Direct...
-
Use the following information for the Problems below. ( Algo ) Skip to question [ The following information applies to the questions displayed below. ] Tamar Company manufactures a single product in...
-
Using the following information, determine the ownership and operating costs for a scraper. Actual cost (delivered)$162,000 including tires Horsepower rating200 hp Cost of tires$6,000 Salvage...
-
Describe what a classical macroeconomist, a Keynesian, and a monetarist would want to do in response to each of the events listed in Problem 11.
-
Do the three Ontario political leaders most likely follow the same macroeconomic school of thought? If not, which school does each follow? Liberal Leader Dalton McGuinty said the NDP planned to...
-
The males of stalk-eyed flies (Cyrtodiopsis dalmanni) have long eye stalks. The females sometimes use the length of these eye stalks to choose mates. (See Example 11.2.) Is the males eye-stalk length...
-
The figure shows a turbine-driven pump that provides water, at high pressure, to a tank located 25-m higher than the pump. Steady-state operating data for the turbine and the pump are labelled on the...
-
Step 1 Step 2 1. Sketch what step 4 and then step 5 would look like. Step 4 Step S 2. How many black triangles are in each step? Step 1 black A = | Step 2 = 4 black A's step 3 = 13 black D's 3. What...
-
The pressure cooker pictured here consists of a light pressure vessel with a heavy lid of weight W. When the lid is secured, the vessel is filled with a hot pressurized gas of pressure p. After some...
-
5) A large group of students took a test in Finite Math where the grades had a mean of 72 and a standard deviation of 4. Assume that the distribution of these grades is approximated by a normal...
-
Q9 (5 points) According to Dr. Henry Mintzberg, a noted management scholar from McGill University in Montreal, PQ, "business organizations perform only two activities of consequence." What are these...
-
Using the stories you wrote for Problem 9, walk through the five stages of the agile development process and describe what happens at each one of the stages. Problem 9 Examine the collection of user...
-
Assume a simple Keynesian depression economy with a multiplier of 4 and an initial equilibrium income of $3,000. Saving and investment equal $400, and assume full employment income is $4,000. a. What...
-
Suppose that the data set is: X = 1.7, 1.9, 2.0, 2.1, 2.2, 2.4; Y = 1.9, 2.0, 2.1, 2.4; Z=1.7, 2.0, 2.0, 2.1, 2.2. Do not worry about the units of these data. How would you compare the population...
-
Which kind of stock would you expect to pay the higher average return: stock in an industry that is very sensitive to economic conditions (such as an automaker) or stock in an industry that is...
-
You have two roommates who invest in the stock market. a. One roommate says that he buys stock only in companies that everyone believes will experience big increases in profits in the future. How do...
-
When company executives buy and sell stock based on private information they obtain as part of their jobs, they are engaged in insider trading. a. Give an example of inside information that might be...
-
Your company BMG Inc. has to liquidate some equipment that is being replaced. The originally cost of the equipment is $120,000. The firm has deprecated 65% of the original cost. The salvage value of...
-
1. What are the steps that the company has to do in time of merger transaction? And What are the obstacle that may lead to merger failure? 2.What are the Exceptions to not to consolidate the...
-
Problem 12-22 Net Present Value Analysis [LO12-2] The Sweetwater Candy Company would like to buy a new machine that would automatically "dip" chocolates. The dipping operation currently is done...
Study smarter with the SolutionInn App