If Productivity Constantly Increases, Then the Real Wage Rate________ and Employment________

question 75

Multiple Choice

If productivity constantly increases, then the real wage rate________ and employment________ .

• A) constantly decreases; does not change
• B) does not change; constantly decreases
• C) constantly rises; does not change
• D) constantly rises; constantly increases

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Definitions:

Art Studio

A creative space where artists create, display, and sometimes sell their artworks.

Furniture

An asset category in accounting that refers to movable articles intended to support various human activities such as seating and sleeping or to hold objects at a convenient height.

Discount Period

The timeframe during which a discount is offered for early payment on sales made on credit, aiming to encourage prompt payment.

Credit Period

The duration of time a buyer is allowed to pay for goods or services purchased on credit, typically measured in days from the invoice date.