Increased productivity can benefit the economy by:
A) stimulating demand for new, higher skill jobs.
B) reducing the scarcity problem because resources are used more efficiently.
C) easing inflationary pressure by allowing firms to meet rising costs by increasing output rather than prices.
D) all of the above.
Correct Answer:
Verified
Q165: Q166: None of the following activities are included Q167: Productive activities that are not reported for Q168: GDP calculations do not account for: Q169: Application 4.3, "A Tale of Two Families,"points Q171: An increase in productivity occurs when: Q172: Which of the following statements about the Q173: Possibly, the economy may have to trade Q174: Unemployment causes a loss for society because: Q175: The economy is at full employment when
A) costs
A) output
A)
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