For a given technology and a given labor force, labor productivity will be ____ when the capital stock is ____
a. higher; larger
b. lower; larger
c. lower; unchanged.
d. higher; smaller
a
Economics
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In the short-run, a rise in the money wage rate leads to
A) an increase in the price level and an increase in real GDP. B) an increase in the price level and a decrease in real GDP. C) an increase in the price level, but no change in real GDP. D) no change in the price level, but an increase in real GDP.
Economics
As the marginal propensity to consume (MPC) increases, the spending multiplier:
a. increases. b. decreases. c. remains constant. d. becomes undefinable.
Economics