In the Long- Run Equilibrium, an Increase in the Quantity

question 396

Multiple Choice

In the long- run equilibrium, an increase in the quantity of capital leads to

• A) a decrease in the equilibrium price level, but no change in equilibrium real GDP.
• B) an increase in the equilibrium price level and an increase in equilibrium real GDP.
• C) no change in the equilibrium price level, but an increase in equilibrium real GDP.
• D) a decrease in the equilibrium price level and an increase in equilibrium real GDP.

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Definitions:

Compensation Schemes

Programs or plans designed to provide payment, benefits, or rewards to employees or agents, typically based on performance or tenure.

Levels Of Illumination

The measure of the intensity of light available in a particular area, expressed in units such as lux or foot-candles, critical for visual comfort and performance.

Economy Of Motion

The principle of designing workplace layouts and activities to minimize waste of movement and increase efficiency.

Waste Motion

Unnecessary or inefficient movements by workers or machinery in a process, contributing to non-productive time and increasing operational costs.