Sustained increases in the standard of living depend on

Question

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Sustained increases in the standard of living depend on increases in labor productivity, as this leads to more output per worker and ultimately higher wages and living standards. Increases in the quantity of labor (choice A) or population (choice B) can lead to short-term increases in output, but can also lead to lower wages and living standards if labor supply exceeds demand. Increases in aggregate hours (choice C) can also lead to short-term increases in output, but may not be sustainable or desirable if they lead to overwork and diminishing returns. Decreases in labor productivity (choice E) would actually lead to decreases in the standard of living, as output and wages would decrease.

Sustained Increases in the Standard of Living Depend on