Solved

When Output Increases by 1%, the Number of Jobs Does

Question 254

Multiple Choice

When output increases by 1%, the number of jobs does not tend to rise by 1% in the short run. Which of the following statements represents one of the reasons why this is true?


A) A firm is likely to meet some of the increase in output by increasing the number of hours worked per job.
B) A firm is likely to meet some of the increase in output by decreasing the number of hours worked per job.
C) Firms are likely to meet some of the increase in output by reducing labor productivity.
D) Firms are likely to meet part of the increase in output by eliminating any excess capital they may have.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents