The one- third rule states that a one percent increase in per hour of labor with in technology results in a one- third of one percent increase in per hour of labor.
A) capital; an increase; real GDP
B) the real wage; no change; capital
C) capital; no change; real GDP
D) the real wage; an increase; capital
Correct Answer:
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Q235: The one- third rule
A) helps determine the
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A) says that if
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