Labor productivity rises when
A. average worker output rises.
B. nominal wages fall.
C. business investment falls.
D. average worker output falls.
Answer: A
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Refer to Table 20-15. Looking at the table above, real average hourly earnings were equal to ________ in 2015
A) $9 B) $9.52 C) $10 D) $12
The text discusses reason why the AD, SAS and LAS curves shift rightward overtime. If there is inflation, which curve shift rightward at a faster pace?
What will be an ideal response?
All of the following are true about central bank independence except that it:
A. can be subverted by the actions of fiscal policymakers. B. can be eliminated by governments in a time of crisis. C. is usually guaranteed by a country's constitution. D. is usually given at the pleasure of governments.
If the Fed sells bonds through its open market operations, then there is
A. an increase in the supply of bonds and a fall in the price of existing bonds. B. a decrease in interest rates because of the increase in the supply of bonds. C. an increase in the demand for bonds and a rise in the price of existing bonds. D. a decrease in interest rates because of the decrease in the demand for bonds.