Question: An increase in labour productivity: Question 15 options: increases the supply of labour, increases potential GDP, and decreases potential GDP per hour of labour. shifts
An increase in labour productivity: Question 15 options: increases the supply of labour, increases potential GDP, and decreases potential GDP per hour of labour. shifts the demand curve for labour rightward, raises the wage rate and raises the potential GDP per hour of labour decreases the real wage rate, increases potential GDP, and increases potential GDP per hour of labour increases potential GDP and decreases potential GDP per hour of labour
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
