In the United States, the degree of labor market protection has decreased significantly since 1970’s. Explain...

In the United States, the degree of labor market protection has decreased significantly since 1970’s. Explain the effects of this trend on economic growth in the medium-run and long-run perspective (IS-LM, AS-AD). What are the implications for income inequality in the United States?

Expert Solution

Rahul Sunny answered 1 year ago

Since 1970, the labor force participation rate for women has increased from 43.3% in 1970 to...

Since 1970, the labor force participation rate for women has increased from 43.3% in 1970 to 56.9% in 2018. During the same period, real GDP increased from $4.715 trillion to $17.286 trillion. Are these two events related? Explain. MUST BE AT LEAST 250 WORD COUNT

Part A: Describe changes in patterns of drug abuse in the United States since the 1960’s....

Part A: Describe changes in patterns of drug abuse in the United States since the 1960’s. In your discussion, choose two drugs (one legal, one illegal) and discuss specific changes in use patterns over time. Discuss the impact (e.g., social, cultural, financial, etc.) of these changing patterns on society.

Is there too little regulation and protection for business in the United States or is there...

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Explain why workers are, to a degree, coerced into selling their labor power on the market,...

Explain why workers are, to a degree, coerced into selling their labor power on the market, and further explain why this gives the business class a degree of power over their workers. Explain why this degree of power changes as the level of unemployment changes.

Briefly summarize the legal history of abortion in the United States since the 1960's. What were...

Briefly summarize the legal history of abortion in the United States since the 1960's. What were the major court cases regarding abortion, and what did they determine?

Since September 11th, the United States has struggled with the possibility of having to exist in...

Since September 11th, the United States has struggled with the possibility of having to exist in a "post--American world." What led to the terrorist attacks and how did America respond? How has America sought to retain its position in global leadership? Is it possible for America to remain on top of a global economy and a "globalized" world?

The United States, a large open economy has substantially increased government spending and decreased taxes during...

The United States, a large open economy has substantially increased government spending and decreased taxes during the early 1980s. Not only has that changed national saving in the United States, but also in the rest of the world. (a) What was the consequence for the world real interest rate? (b) What was the consequence of the US policy on Norway, a small open economy? Use a model of a long-run small open economy with perfect capital mobility to discuss what...

3. Explain the economics of the music industry in the 1970’s and explain the issues that...

3. Explain the economics of the music industry in the 1970’s and explain the issues that confronted them. please explain me in detail.

Since the onset of Covid-19 in the United States a significant amount of attention has been...

Since the onset of Covid-19 in the United States a significant amount of attention has been paid to nurses. Some nurses work in union situations and others do not. Some nurses have been fired because of their activities, and others have been disciplined for speaking to the media, or refusing to work in situations they feel are unsafe for them. Discuss your thoughts on belonging to a union and if the decision were to strike, how would you balance your...

What has happened to the cost of health care in the United States since the early 1970s?

a) What has happened to the cost of health care in the United States since the early 1970s? What has happened in other countries, countries who do not have private health insurance? b) Why might people expect private, for profit health insurance companies to be more efficient than a government system? Why has private health insurance led to higher costs? c) Why has private health insurance led to worse health outcomes for Americans?

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