If Wages Rise Faster Than Increases in Labour Productivity,then Unit

question 59

Multiple Choice

If wages rise faster than increases in labour productivity,then unit labour costs will

• A)fall and the AS curve will shift left.
• B)fall and the AS curve will shift right.
• C)rise and the AS curve will shift left.
• D)rise and the AS curve will shift right.
• E)not change because only total labour costs change.

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Definitions:

U.S. Census Bureau

The federal agency responsible for collecting and analyzing data about the American people and economy, primarily known for conducting the decadal census.

Family Configurations

Various forms or structures of a family unit, such as nuclear families, single-parent families, extended families, etc.

Family Forms

Various configurations and structures of families, shaped by factors such as cultural, social, and legal considerations.

Material Success

The achievement of wealth, possessions, or other physical resources, often viewed as an indication of prosperity or financial achievement.