2 Answered Questions for the topic Labor Economics
Factor-augmenting technologies (Acemoglu and Restrepo 2018c)?
In that paper, they consider the following production function:$Y = F(A_KK,A_LL)$.Where: > K denotes capital, L is labor, and $A_K$ and $A_L$ denote capital-augmenting> and labor-augmenting... more
Can absence of inflation be accounted for by a reconfigured class structure?
A previous and oft-heard question asked why no inflation results from the Fed pumping money into the economy.Are we simply seeing a methodical wage suppression, thus no official "inflation," while... more