The Equilibrium Effects of a Prospective Future Increase in Total

question 48

Multiple Choice

The equilibrium effects of a prospective future increase in total factor productivity include

• A) an increase in the real wage and an increase in the real interest rate.
• B) an increase in the real wage and a decrease in the real interest rate.
• C) a decrease in the real wage and an increase in the real interest rate.
• D) a decrease in the real wage and a decrease in the real interest rate.
• E) a decrease in the real wage only.

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Definitions:

Primary Somatosensory Cortex

The region of the brain that processes sensory input from the body, including touch, temperature, and pain.

Somatosensory Association Cortex

A region of the brain that processes and integrates sensory information from the body to aid in understanding spatial body awareness and touch.

Trigeminal Nerve

Refers to the fifth cranial nerve, responsible for sensation in the face and motor functions such as biting and chewing.

Hypoglossal Nerve

The twelfth cranial nerve that controls the movements of most of the tongue muscles.