39 . During the course of the twentieth century, the average workweek in the United States has gotten shorter and Americans have enjoyed greater amounts of leisure time. How has this development affected potential GDP and labor productivity? 40. How is the unemployment rate calculated? Describe the three principal types of unemployment. 41. Does the existence of unemployment insurance eliminate the economic costs of unemployment? 42. Explain how the current U.S. tax system levies taxes on capital gains and earned interest. What does this mean for the costs of inflation? 43. Does inflation always cause workers losses due to decreases in real wages? Why or why not? 44. What is a GDP deflator? Why do some economists consider the GDP deflator to be a better measure of overall inflation than the Consumer Price Index? 45. Explain the ways in which the government can persuade private businesses to invest more in order to speed up the process of capital formation? 46. What is the "cost disease of personal services" phenomenon and why does it help explain why tuition rates keep going up so fast? 47. What is a V shaped shock to an economy. What is a U shaped shock to the economy. What is an L shaped shock to the economy. Provide examples for each. What kind of shock will the implications of the Corona Virus cause to the economy?
39 . During the course of the twentieth century, the average workweek in the United States has gotten shorter and Americans have enjoyed greater amounts of leisure time. How has this development affected potential
40. How is the
41. Does the existence of unemployment insurance eliminate the economic costs of unemployment?
42. Explain how the current U.S. tax system levies
43. Does inflation always cause workers losses due to decreases in real wages? Why or why not?
44. What is a GDP deflator? Why do some economists consider the GDP deflator to be a better measure of overall inflation than the
45. Explain the ways in which the government can persuade private businesses to invest more in order to speed up the process of capital formation?
46. What is the "cost disease of personal services" phenomenon and why does it help explain why tuition rates keep going up so fast?
47. What is a V shaped shock to an economy. What is a U shaped shock to the economy. What is an L shaped shock to the economy. Provide examples for each. What kind of shock will the implications of the Corona Virus cause to the economy?
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