6. Using the labor market, production function. and AS/AD graphs of the classical model, show the effects of immigration (an increase in labor supply). What are the effects on real wages, the quantity of labor, real GDP, and prices? Explain and show graphically.

Q1. Where on the business cycle graph displayed in the video was the US economy most likely at in January 2020, when unemployment was at 3 %? A. Peak B. Contraction C. Expansion

This economy experienced a contraction in the years On the first graph (showing real GDP), this contraction is seen as a period in which the level of real GDP On the second graph (shovwing annual change in real GDP), this contraction is seen as a period in which the growth rate of real GDP True or False: This economy was experiencing an expansion in 1991. False True

Using the “Keynesian” labor market and the aggregate production function, explain what happens to the amount of output firms are willing to produce … If there is an increase in the price level. If there is a decrease in the price level.

An individual worker is laid off because his firm is in financial trouble. Why would this event be of more interest to a microeconomist than to a macroeconomist?

Q1 What is "capital"? The salary we pay employees Please give just answer. There is no need to explain. The money we pay to the government O Money invested in a building or machine to help us make products Money we make when customers pay us O None of the above Q2lf a country experiences high GDP and inflation, followed by a lower GDP and deflation, this is an example of O Unemployment Recession the Business Cycle O Supply and Demand None of the above Q3 What causes inflation? O People don't have enough money O People have too much money O People have too much money and many businesses want some of that money O People owe a lot of money O The government causes inflation by rais ing interest rates Q4 The Water and Diamond Paradox explains: O Why supply and demand always meets in the middle of a graph Marginal utility of diamonds O Why water is inexpensive while diamonds are so expensive O Why water is so expensive while diamonds are inexpensive O None of the above Q5 The unemployment…

Draw a diagram of GDP growth, inflation, and unemployment changing over time during a recession. Explain the timing on unemployment changes. Why might measured unemployment continue to rise after output starts to recover?

Please round your responses to the nearest whole number.  In 2011,  the unemployment rate was 9 percent, 5 percent above the full-employment threshold of 4 percent. a. How many jobs were lost, as a result, in a labor force of 140 million?    million workers b. If the average worker produced $100,000 of output, how much output was lost?  $ billion c.  If the population in 2011 was 350,000 million, how much did GDP per capita decline as a result?  $

Which of the following statements is true? a. The four phases of the business cycle, in order, are: peak, expansion, trough, recession. 5 b. When unemployment is rising then real GDP is rising. c. The economic problem typically associated with an expansion is rising unemployment. d. Full employment exists in an economy when the unemployment rate equals the sum of seasonal, frictional, and structural unemployment rates.

How many missing jobs (a FRED question): Suppose the U.S.unemployment rate int the most recent month had been10% instead of its actual value. How many fewer people would have been working (assuming the labor force remained the same)? *note: I found that the unemployment rate is 3.5%, and Labor force 62.3 from FRED. Please show work with the given numbers from FRED.