Multiple Choice
The model of aggregate demand and long-run aggregate supply predicts that, all other things unchanged, improved technology will
A) reduce employment.
B) lower real wages.
C) increase the demand for labor and boost real wages.
D) increase the supply of labor and boost real wages.
Correct Answer:
Verified
Correct Answer:
Verified
Q70: The real wage is the ratio of
Q71: Use the following to answer questions.<br>Exhibit: Aggregate
Q72: Use the following to answer questions .<br>Exhibit:
Q73: Economic growth is defined as<br>A) growth in
Q74: What is the opportunity cost of allocating
Q76: Which of the following is an example
Q77: The position of the long-run aggregate supply
Q78: Use the following to answer questions .<br>Exhibit:
Q79: Which of the following statements is true?<br>A)
Q80: The rate of economic growth per capita