Contemporary Labor Economics
11th Edition
ISBN: 9781259290602
Author: Campbell R. McConnell, Stanley L. Brue, David Macpherson
Publisher: McGraw-Hill Education
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Chapter 1, Problem 3QS
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Classification of the statements as
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Indicate whether each of the following statements applies to microeconomics or macroeconomics:a. The unemployment rate in the United States was 4.9 percent in January 2008.b. A U.S. software fifirm discharged 15 workers last month and transferred the work to India.c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.d. U.S. output, adjusted for inflflation, grew by 2.2 percent in 2007.e. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.f. The consumer price index rose by 2.8 percent in 2007.
Indicate whether each of the following statements applies to microeconomics or
macroeconomics:
i. The unemployment rate in Bangladesh was 9.7 percent in March 2019.
ii. A Bangladeshi software firm discharged 15 workers last month and transferred
the work to India.
iii. Extreme cold weather in northern region of Bangladesh reduced the rice
production and caused the price of rice to rise.
iv. Inflation rate in Bangladesh decreased by 2.4 percent in 2018.
v. Last week Sonarbangla Bank (a private commercial bank of Bangladesh)
lowered its interest rate on business loans by one-half of 1 percentage point.
vi. The GDP growth rate rose by 3.5 percent from July 2018 to June 2019.
Indicate whether each of the following statements applies to microeconomics or macroeconomics: a. The unemployment rate in the United States was 5.1 percent in September 2015. b. A U.S. software firm discharged 15 workers last month and transferred the work to India.c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise.d. U.S. output, adjusted for inflation, increased by 2.4 percent in 2014.e. Last week Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point.f. The consumer price index rose by 0.2 percent from August 2014 to August 2015.
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Contemporary Labor Economics
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