A new technology that increases the productivity of teachers has what effect on the labor market for teachers?
a. The wage rate will rise, and quantity of teachers employed will fall.
b. The wage rate will rise, and quantity of teachers employed will rise.
c. The wage rate will fall, and quantity of teachers employed will fall.
d. The wage rate will fall, and quantity of teachers employed will rise.
e. There is not enough information to determine what effects there are, if any.
B
Economics
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The total multiplier of government expenditure is
A) zero. B) between zero and one. C) one. D) larger than one.
Economics
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
Economics