Calculate and graph the growth rate of total factor productivity since 1960 using FRED series MFPNFBS. This

Question:

Calculate and graph the growth rate of total factor productivity since 1960 using FRED series MFPNFBS. This series is not the same as used in Table 3.1, but is similar. How would you characterize the movements in productivity since 1960? How do recessions affect the growth rate of productivity? How was productivity affected by the oil shocks of 1973-1975, 1979-1980, 1990, and 2003-2008?

Table 3.1

image text in transcribed

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 9780137876037

11th Edition

Authors: Andrew B Abel

Question Posted: