An advance in technology increases the productivity of labor. As a result, the nationʹs production function shifts __________and the__________ labor curve shifts rightward.
A) upward; supply of
B) downward; supply of
C) upward; demand for
D) downward; demand for
Correct Answer:
Verified
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)
Q149: If both the supply of labor and
Q150: An advance in technology that results in
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
Q155: If the nationʹs capital stock increases so
Q156: An increase in physical capital or a
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