An advance in technology will
A) not shift the production function but will lead to a movement down along the production function.
B) shift the production function downward.
C) not shift the production function but will lead to a movement up along the production function.
D) shift the production function upward.
Correct Answer:
Verified
Q137: Labor productivity is
A) real GDP per hour
Q138: Potential GDP per labor hour can increase
Q139: Q140: Employment and (total) potential GDP increase if Q141: If the demand for labor increases Q143: An increase in physical capital or a 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
I. employment
A) real GDP divided by
A)
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