Increases in labor productivity from improved technology
A) increase the long run supply of labor
B) reduce the demand for labor
C) reduce real wages
D) induce firms to substitute capital for labor
E) have no long run effect on total hours worked
Correct Answer:
Verified
Q6: If firms seek an average markup of
Q7: Which of the following would not give
Q8: The marginal product of labour is defined
Q9: Which of the following is the least
Q10: If a firm's marginal product of labor
Q12: Suppose that production at a firm occurs
Q13: In most developed economies,unemployment insurance benefits
A) are
Q14: If the stock of physical capital remains
Q15: Among developed economies,the natural rate of unemployment
A)
Q16: The labor supply curve
A) slopes upward if
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