An increase in labor productivity relates to
A) working harder over time.
B) working longer over time.
C) producing the same output with fewer labor hours.
D) producing the same output with more labor hours.
Correct Answer:
Verified
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Q154: An advance in technology increases the productivity
Q155: An advance in technology that results in
Q156: When labor productivity increases, the demand for
Q157: If real GDP is $11,750 billion and
Q159: Labor productivity is defined as
A) total output
Q160: An increase in labor productivity _ the
Q161: Technological change
A) lowers the real wage rate.
B)
Q162: An increase in labor productivity shifts the
Q163: A decrease in population shifts the
A) labor
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