New PDF release: Business Statistics of the United States

By Cornelia J. Strawser

ISBN-10: 1417583959

ISBN-13: 9781417583959

ISBN-10: 188622224X

ISBN-13: 9781886222243

According to enterprise statistics, this paintings offers historic info on enterprise traits relationship from 1966 to 1994. Readers locate profiles on development and housing, mining, oil and gasoline, production, transportation and utilities, retail and wholesale exchange, provider, and govt. additionally contains an outline of old monetary tendencies.

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This has often been ascribed to “supply shocks”—for example, bad harvests, oil embargoes, and OPEC price increases— which, unlike decreases in aggregate demand, tend to increase inflation even while depressing output. But in retrospect, many “supply shocks” should perhaps be considered as delayed reactions to demand shocks. To give an important example, oil prices tend to increase when the dollar has declined, and tend to fall during worldwide recession as in 1986. ) In attempting to explain stagflation, economists now take account of the role of expectations in maintaining the momentum of a given inflation rate, which is believed to explain the worsening of the tradeoff in the 1970s.

Currently, the cost of stock options issued to employees is not included in the Employment Cost Index and is included in the compensation component of the productivity measures only with a lag. As illustrated in the Notes and Definitions, this led to large revisions in compensation per hour in some recent periods. Whether this is a significant failing in the Employment Cost Index depends on the extent to which employees accepted stock options as a substitute for demanding higher salaries and/or benefits.

Table 1-7 and Figure 1-1) This happened because more and more Americans went xxix to work and because their productivity grew even faster than their work input. Labor force and employment. 1 percent of the working-age civilian noninstitutional population, reflecting increased participation by women in the paid work force. In addition, there was a shift of employment out of agriculture and into nonagricultural industries with significantly higher values of output per worker—a continuation of a trend that started at the dawn of the Industrial Revolution.

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Business Statistics of the United States by Cornelia J. Strawser


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