Multiple Choice
The real wage will increase if:
A) the supply of labor increases.
B) the productivity of labor increases.
C) the price of output decreases.
D) the supply of capital decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q14: The investment function slopes _ because there
Q34: Assume that a competitive economy can be
Q38: The real interest rate is the:<br>A) rate
Q40: If Y = AK0.5L0.5 and A, K,
Q41: a. Suppose a government moves to reduce
Q106: Unlike the real world, the classical model
Q113: In a neoclassical economy, if consumption increases
Q119: The neoclassical theory of distribution explains the
Q138: When saving (the supply of loanable funds)
Q151: According to the model developed in Chapter