What is the impact in the labour market when labour productivity increases?
A) The labour supply curve shifts to the right.
B) The labour demand curve shifts to the right.
C) The labour supply curve shifts to the left.
D) The nominal wage decreases.
E) The labour demand curve shifts to the left.
Correct Answer:
Verified
Q41: One possible way of achieving faster economic
Q47: If real GDP is $1,200 billion, the
Q48: As labour productivity is higher in the
Q55: A basic precondition necessary to achieve economic
Q85: Property rights assure people that
A)economic growth will
Q86: The presence of an incentive system that
Q88: At its most basic level,economic growth depends
Q90: An increase in labour productivity
A)cannot occur without
Q92: Which of the following is/are required for
Q93: The effect of an increase in labour
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents