An increase in labour productivity _______ the real wage rate and an increase in population _______ the real wage rate.
A) raises; lowers
B) lowers; raises
C) lowers; lowers
D) raises; does not change
E) raises; raises
Correct Answer:
Verified
Q47: The aggregate production function shows how _changes
Q48: If an increase in capital increases labour
Q49: Ceteris paribus, an increase in labour productivity
Q50: If real GDP is $12,150 billion and
Q51: When the population increases with no change
Q53: Use the figure below to answer the
Q54: Use the figure below to answer the
Q55: Labour productivity is
A)shown as a movement along
Q56: When labour productivity increases, the demand for
Q57: An increase in population
A)creates a movement along
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