An advance in technology shifts the production function upward and shifts the labor
A) demand curve leftward.
B) supply curve leftward.
C) demand curve rightward.
D) supply curve rightward.
Correct Answer:
Verified
Q142: An advance in technology will
A) not shift
Q143: An increase in physical capital or a
Q144: If real GDP is $800 million and
Q145: Labor productivity equals
A) real GDP divided by
Q146: Which of the following statements is CORRECT?
A)
Q148: If real GDP is $13,000 billion and
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
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