An advance in technology increases the productivity of labor. As a result, the nation's production function shifts and the labor curve shifts rightward.
A) upward; demand for
B) upward; supply of
C) downward; demand for
D) downward; supply of
Correct Answer:
Verified
Q141: If the demand for labor increases
I. employment
Q163: An increase in labor productivity the real
Q164: The graphs below depict the production function
Q165: An increase in the population and hence
Q166: The graphs below depict the production function
Q167: The graphs below depict the production function
Q169: If the population increases, then potential GDP
Q171: An increase in physical capital or a
Q172: Employment and (total) potential GDP increase if
Q173: An advance in technology that results in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents