Assume That Expectations of Productivity Are Slow to Adjust

question 45

Multiple Choice

Assume that expectations of productivity are slow to adjust. An increase in productivity growth from 2% to 5% will cause:

• A) an increase in the real wage of 2% and an increase in un.
• B) an increase in the real wage of 2% and a decrease in un.
• C) an increase in the real wage of 3% and a decrease in un.
• D) an increase in the real wage of 5% and an increase in un.
• E) an increase in the real wage of 5% and a decrease in un.

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Definitions:

Movement Leaders

Individuals who play pivotal roles in guiding, organizing, and inspiring social or political movements, aiming to achieve specific goals and enact change.

Black Lives Matter

A movement advocating for the rights and dignity of Black individuals, highlighting issues of racial discrimination and violence.

Marginalized Groups

Communities or segments of society that experience discrimination and exclusion due to various factors like race, economic status, gender identity, or sexual orientation.

Police Violence

The use of excessive or unnecessary force by police officers against civilians, often tied to discussions of systemic racism and justice reform.