What sort of productivity shocks would cause lower real wage growth and result in lower growth in labor productivity?
A) productivity shocks which decrease supply of labor given the demand for labor
B) productivity shocks which increase supply of labor given the demand for labor
C) productivity shocks which increase demand for labor given the supply of labor
D) productivity shocks which decrease demand for labor given the supply of labor
B
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To calculate the CPI, the Bureau of Labor Statistics uses
a. the prices of all goods and services produced domestically. b. the prices of all final goods and services. c. the prices of all consumer goods. d. the prices of some consumer goods.
Within the United States, every city has:
A. a fixed exchange rate with every other city. B. their own currency board. C. an independent monetary policy. D. a floating exchange rate with every other city.