According to Economic Reasoning, If Labor Productivity Increases by 3

Multiple Choice

According to economic reasoning, if labor productivity increases by 3 percent per year,

A) the number of jobs should increase by 3 percent per year.
B) the real wage should increase by 3 percent per year.
C) the price level should increase by 3 percent per year.
D) the price level should decrease by 3 percent per year.
E) nominal wages should increase by 3 percent per year.