Lab 5 - Econ 2030 June 29, 2010 Lab 5 1. In the U.S....

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Econ 2030 June 29, 2010 Lab 5 1. In the U.S. productivity growth rates tend to move ______. This means that when the economy is experiencing an expansion, productivity growth ______, everything else held constant. a. Procyclically; increases a.i. Moves with the business cycle a.ii. In an expansion – increase 2. Suppose Henry is a 45-year-old sanitation worker who has not worked for the past six weeks because his union is on strike against the city. During this period, Henry has not been paid nor has he been looking for another job. According to the BLS household survey, Henry would be classified as: a. Employed a.i. It is just a labor management dispute 3. Auto workers laid off from their jobs due to a recession are considered______ unemployed. a. Cyclically a.i. Frictionally: (The Good) Available possible employee, job opening with skill match. a.ii. Structurally: (The Bad) Available possible employee, job openings but no skills match. a.iii.
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Lab 5 - Econ 2030 June 29, 2010 Lab 5 1. In the U.S....

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