An increase in physical capital or a technological advance
A) raises the real wage rate.
B) decreases the quantity of labor employed.
C) shifts the production function downward.
D) decreases demand for labor.
Correct Answer:
Verified
Q138: Potential GDP per labor hour can increase
Q139: Q140: Employment and (total) potential GDP increase if Q141: If the demand for labor increases Q142: An advance in technology will Q144: If real GDP is $800 million and Q145: Labor productivity equals Q146: Which of the following statements is CORRECT? Q147: An advance in technology shifts the production Q148: If real GDP is $13,000 billion and
I. employment
A) not shift
A) real GDP divided by
A)
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