What is meant by efficiency gains? How does it affect labor productivity? Give an example.
Answer to relevant QuestionsHow do increases in labor skills affect labor pro ductivity? Give an example. What is "near" money? What is the potential money multiplier? Why is it called potential? What were "Continental Notes" and "Greenbacks," and what did they--unfortunately--have in common? There are five mainstream schools of economic thinking on issues relating to what government can or cannot do with respect to stabilizing the economy. What are these schools and how do they differ on issues concerning ...
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