If both the supply of labor and the demand for labor increase, then
A) potential GDP increases.
B) the real wage rate increases.
C) full employment decreases.
D) potential GDP decreases.
Correct Answer:
Verified
Q144: An advance in technology will
A) shift the
Q145: When labor productivity increases, the demand for
Q146: If the demand for labor increases
I. employment
Q147: An increase in labor productivity shifts the
Q148: Which of the following statements is correct?
A)
Q150: An advance in technology that results in
Q151: An advance in technology increases the productivity
Q152: An advance in technology shifts the production
Q153: An increase in labor productivity the real
Q154: An increase in productivity relates to
A) producing
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