An Increase in Labor Productivity

question 264

Multiple Choice

An increase in labor productivity

• A) labor demand curve rightward.
• B) labor supply curve leftward
• C) labor supply curve rightward.
• D) labor demand curve leftward.

---

Definitions:

Past Demand

Historical data regarding the quantity of goods or services that were sought after by consumers in previous periods.

Qualitative Approach

A research strategy focusing on understanding the quality, nature, or characteristics of phenomena rather than quantifying them with numbers.

Random Fluctuations

The unpredictable changes in variables or systems over time, which can be due to a variety of uncontrolled or random factors.

Seasonal Fluctuations

Variations in demand, supply, or other economic factors that regularly occur at specific times of the year due to changes in season.