Use the figure below to answer the following questions.
Figure 6.3.2
-Refer to Figure 6.3.2.If the real wage is $20 an hour, a labour
A) shortage occurs and the real wage falls.
B) surplus occurs and the real wage falls.
C) surplus occurs and the real wage rises.
D) surplus occurs and the demand for labour increases.
E) shortage occurs and the real wage rises.
Correct Answer:
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Q49: Ceteris paribus, an increase in labour productivity
Q50: If real GDP is $12,150 billion and
Q51: When the population increases with no change
Q52: An increase in labour productivity _ the
Q53: Use the figure below to answer the
Q55: Labour productivity is
A)shown as a movement along
Q56: When labour productivity increases, the demand for
Q57: An increase in population
A)creates a movement along
Q58: Ceteris paribus, an increase in the population
Q59: Use the figure below to answer the
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