An increase in physical capital or a technological advance
A) decreases demand for labor.
B) shifts the production function downward.
C) raises the real wage rate.
D) decreases the quantity of labor employed.
Correct Answer:
Verified
Q141: If the demand for labor increases
I. employment
Q166: The graphs below depict the production function
Q167: The graphs below depict the production function
Q168: An advance in technology increases the productivity
Q169: If the population increases, then potential GDP
Q172: Employment and (total) potential GDP increase if
Q173: An advance in technology that results in
Q174: An increase in a nation's population results
Q175: A decrease in the real wage rate
A)
Q176: An advance in technology that increases productivity
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