Supply How much firms pay their employees and the productivity of those employees influence firms' total planned production, so changes in these factors affect the position of the aggregate supply curve. This application gives you the opportunity to examine recent trends in measures of the overall wages and productivity of workers.
Title: Bureau of Labor Statistics: Economy at a Glance
Navigation: Use the link at www.econtoday.comich10 to visit the Bureau of Labor Statistics (BLS) Web site.
Application: Perform the indicated operations, and answer the following questions.
Back up to the home page, and now in the "Employment" popup menu, click on National Employment and then on PDF next to "Current CES Economic News Release: Employment Situation Summary." Does it appear that the U.S. economy is currently in a long-run growth equilibrium?