In the efficiency wage model, an increase in productivity will cause
A) no change in the real wage.
B) an increase in the real wage.
C) a decrease in the real wage.
D) an increase in both the real wage and the level of employment.
A
Economics
You might also like to view...
According to your textbook, the following is the prime cause of traffic congestion:
A) Population growth B) The American automobile industry C) Most roadway space is not priced. D) A lack of commitment to public transportation expansion
Economics
Marginal land can be defined as land that earns neither profits nor losses
a. True b. False Indicate whether the statement is true or false
Economics