
Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander
Edition 9ISBN: 9780073375953
Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander
Edition 9ISBN: 9780073375953 Exercise 6
Indicate whether each of the following statements pertains to microeconomics or macroeconomics:
a. The unemployment rate in the United States was 5.8 percent in 2008 .
b. Workers at the Sleepy Eye grain elevator are paid $8 per hour.
c. The productivity of American workers as a whole increased by more than 2 percent per year in the last decade.
d. The money or nominal wages of nursing aides increased by 3 percent in 2008 .
e. The Alpo dog food plant in Bowser, Indiana, laid off 15 workers last month.
a. The unemployment rate in the United States was 5.8 percent in 2008 .
b. Workers at the Sleepy Eye grain elevator are paid $8 per hour.
c. The productivity of American workers as a whole increased by more than 2 percent per year in the last decade.
d. The money or nominal wages of nursing aides increased by 3 percent in 2008 .
e. The Alpo dog food plant in Bowser, Indiana, laid off 15 workers last month.
Explanation
Labor economics deals with study of orga...
Contemporary Labor Economics 9th Edition by Campbell Mcconnell, Stanley Brue, David Macpherson, Robert Powell, David Colander
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