The measure of labour productivity used in the popular media is:
A) Y/L
B) average product of labour.
C) procyclical.
D) all of the above.
Correct Answer:
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Q46: When the labour supply of households is
Q47: Temporary changes in technology, A, conflict with
Q48: A higher interest rate makes:
A)current consumption and
Q49: A higher interest rate makes:
A)current consumption and
Q50: Intertemporal substitution effects motivate households to:
A)supply more
Q52: If there is a positive technological change,
Q53: A higher real wage:
A)makes consumption more expensive.
B)makes
Q54: What is the relationship between real GDP
Q55: A higher interest rate makes:
A)future consumption cheaper.
B)future
Q56: What happens to consumption when there is
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