Scribd Logo
Upload

Welcome to Scribd!

  • CH 03

    Uploaded by

    Rafael_Cravo_8664
    4 views1 page
    The document discusses how increased computer technology in the 1990s affected macroeconomic factors in the US economy. Specifically, it discusses how increased technology through computer usage shifted the production function outward, increasing labor demand and total output. This led to higher productivity but had uncertain effects on real wages and employment, depending on how the increased output was distributed. The analysis generally coincides with US trends in the late 1990s of increased output, productivity, but uncertain impacts on real wages and employment.

    Original Description:

    Original Title

    ch03

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses how increased computer technology in the 1990s affected macroeconomic factors in the US economy. Specifically, it discusses how increased technology through computer usage shifted the production function outward, increasing labor demand and total output. This led to higher productivity but had uncertain effects on real wages and employment, depending on how the increased output was distributed. The analysis generally coincides with US trends in the late 1990s of increased output, productivity, but uncertain impacts on real wages and employment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views1 page

    CH 03

    Uploaded by

    Rafael_Cravo_8664
    The document discusses how increased computer technology in the 1990s affected macroeconomic factors in the US economy. Specifically, it discusses how increased technology through computer usage shifted the production function outward, increasing labor demand and total output. This led to higher productivity but had uncertain effects on real wages and employment, depending on how the increased output was distributed. The analysis generally coincides with US trends in the late 1990s of increased output, productivity, but uncertain impacts on real wages and employment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PART II: MACROECONOMIC MODELS CHAPTER 3: MACROECONOMIC MODELS

    Page 47: before Conclusion 1. Computers The large, sustained increase in productivity experienced in the U. S. Economy in the 1990's is largely attributable to the application of computers to the production process. Using a graph of the production function and labor market, show and explain how this increase in technology would affect: (a) (b) (c) (d) the production function labor demand real wage and employment total output

    Does your analysis coincide with U.S. trends in output, real wage, employment and productivity for the second half of the 1990's?

    You might also like