For this question,assume productivity has been increasing by 5% per year.Also assume that workers' expectations of productivity growth adjust slowly over time.For this economy,a reduction in productivity growth from 5% to 2% will most likely cause which of the following to occur?
A)an increase in the natural rate of unemployment
B)a reduction in the real wage
C)an increase in the markup over labor costs
D)all of the above
E) none of the above

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The Answer of For this question,assume productivity has been increasing by 5% per year.Also assume that workers' expectations of productivity growth adjust slowly over time.For this economy,a reduction in productivity growth from 5% to 2% will most likely cause which of the following to occur?
A)an increase in the natural rate of unemployment
B)a reduction in the real wage
C)an increase in the markup over labor costs
D)all of the above
E) none of the above

For This Question,assume Productivity Has Been Increasing by 5% Per