As capital goods depreciate, the growth of labor productivity will increase

Other things constant, a ________ price ________ quantity demanded

A) higher; increases B) lower; increases C) higher; decreases D) lower; decreases E) both B and C above.

The tables above show a nation's labor demand and labor supply schedules and its production function. The equilibrium real wage rate is ________ and the equilibrium quantity of labor is ________ billion hours per year

A) $50; 100 B) $40; 90 C) $30; 80 D) $40; 80 E) $20; 110