Question: An increase in total factor productivity causes the Question 9 options: 1) production function to shift up, labour demand to shift right,and output supply to

An increase in total factor productivity causes the

Question 9 options:

1)

production function to shift up, labour demand to shift right,and output supply to shift right.

2)

production function to shift up, labour demand to shift left,and output supply to shift right.

3)

production function to shift up, labour demand to shift right,and output supply to shift left.

4)

production function to shift down, labour demand to shift left,and output supply to shift left.

5)

production function to shift down, labour demand to shiftright, and output supply to shift right.

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