The marginal productivity of labour is:
A) the incremental output due to an increase in capital, ceteris paribus
B) the incremental output due to an increase in labour, ceteris paribus.
C) the incremental output due to a change in technology, ceteris paribus
D) the incremental output due to a change in technology and a change in the
Correct Answer:
Verified
Q10: Which policy is effective in the Classical
Q11: Which policy is effective in the intermediate
Q12: IS-LM model was developed by:
A)keynes
B)walras
C)j.r.hicks
D)don-patinkin
Q13: Frictional unemployment exists:
A)when there is a decrease
Q14: The natural rate of unemployment equals the
Q16: The marginal productivity of labour:
A)increases when the
Q17: When saving is greater than investment in
Q18: When investment is negatively related to the
Q19: Simultaneous equilibrium in the money (LM) and
Q20: In which of the following situations will
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