An advance in technology increases the productivity of labor. As a result, the nation's production function shifts ________ and the ________ labor curve shifts rightward.
A) upward; demand for
B) downward; demand for
C) upward; supply of
D) downward; supply of
Correct Answer:
Verified
Q149: If real GDP is $13,500 billion and
Q150: If both the supply of labor and
Q151: Dividing the value of real GDP by
Q152: An advance in technology that increases productivity
Q153: If the nation's capital stock increases so
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
Q158: An increase in labor productivity relates to
A)
Q159: Labor productivity is defined as
A) total output
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