Assume an Economy Experiences, for a Given Period, a 4

question 15

Multiple Choice

Assume an economy experiences, for a given period, a 4% increase in output and a 2% increase in productivity. Given this information, we know that which of the following occurred for this economy during this economy?

• A) The employment growth rate is negative during this period.
• B) The effects on employment are ambiguous.
• C) Employment has increased during this period.
• D) Employment has decreased during this period.
• E) Employment has not changed during this period.