ECON 2030 Chapter : Econ 2030 Lab Chapters 24 25
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In the united states productivity growth rates tend to move___. This means that when the economy is experiencing an expansion, the productivity growth rate___, everything else held constant: countercyclically; increase, countercyclically; decrease, procyclically; increase, procyclically; decrease. Suppose reka is a 19 year old full time lsu student who works 20 hours per week as an unpaid volunteer at the hospice of baton rouge. At present she is actively seeking a paid summer internship at a law office in new orleans, a position she can begin immediately. According to the bls household survey, reka would be classified as: employed, unemployed, not in the labor force, not in the working age population. Suppose 38 year old marius was laid off from his job at the local cement factory six weeks ago when the company went out of business. Suppose further that he has not looked for work during this period.
