In the labor market, an increase in labor productivity ________ the real wage rate and ________ the level of employment.
A: raises; increases
B: raises; decreases
C: lowers; increases
D: lowers; decreases
A: raises; increases
B: raises; decreases
C: lowers; increases
D: lowers; decreases
举一反三
- Because the productivity of labor decreases as the quantity of labor employed increases, A: the quantity of labor a firm demands increases as the real wage rate decreases. B: the quantity of labor a firm demands increases as the money wage rate decreases. C: the labor demand curve shifts right as the real wage rate decreases. D: the aggregate production function shifts upward as the real wage rate decreases.
- After annealing treatment, the hardness of steel ____and the plasticity ____ () A: Decreases / increases B: Increases / decreases C: Is reduced / decreases D: Raises/ is improved
- Potential GDP per labor hour can increase due to A: increases in labor productivity. B: increases in the quantity of money. C: increases in population. D: decreases in the quantity of capital.
- An increase in the population and hence the supply of labor causes a A: shortage of labor at the original real wage rate and the real wage rate will fall. B: surplus of labor at the original real wage rate and the real wage rate will rise. C: surplus of labor at the original real wage rate and the real wage rate will fall. D: shortage of labor at the original real wage rate and the real wage rate will rise.
- When the interest rate falls in the money market, the quantity of money demanded ________ and the quantity of money supplied ________. A: increases; decreases B: decreases; increases C: stays the same; decreases D: increases; stays the same