Open communication between the employer and employees in an organization contributes to worker productivity. Productivity is often slowed by employers every time they notice the mistake and do not communicate it to the authority. The setting of performance measures, targets, motivations, and remuneration increase employee productivity. Managers in an organization are necessary for making these factors achievable and increase their employees’ productivity. As an employee, I would increase my productivity by making good use of training and development which most organizations normally give to their employees at the recruitment phase and even after being observed to the organization. I would also work hard to achieve my performance targets and the organization’s goals and objectives.
Question two
The combination of both Keynesian and neo-classical perspectives forms a neo-Keynesian economy that ignores the agent’s strategic behavior which is the aspect of economics and this makes the economics study quite difficult. The synthesis cannot verify how a model is changed but it assumes that the system somehow moved smoothly to a new equilibrium and is affected by no dynamics (Azevedo and Jacob 57).
Question three
Hydraulic fracturing
If a large percentage of utility companies and factories use natural gas, this means that hydraulic fracturing companies will be forced to supply the increase in demand. The employment level increase as more labor will be deployed and as a result output price on the contrary decreases.
Question Four
Government policies
The effects can be illustrated by the AD/AS diagram below. The output price increases to cater for the cost of investing in the technology and employment. The level becomes low in the short run and after some time, the employment level increases since organizations will have stabilized while price level will increase to cater for the wages (Figure 1).
Source (Azevedo and Jacob 38).
P0-price at the beginning
P1-price after a year of investing in technology
E0- employment at the beginning
E1-employment after one year
Y0-year at the beginning
Y1-one year later
S- Supply
Works Cited
Azevedo, Eduardo M., and Jacob D. Leshno. "A supply and demand framework for two-sided matching markets." Journal of Political Economy 124.5 (2016): 35-68.
