Assume That a Country Experiences a Reduction in Productivity That

question 38

Multiple Choice

Assume that a country experiences a reduction in productivity that shifts the labor demand curve downward and to the left. If the labor market were always in equilibrium, this would lead to:

• A) a lower real wage and a rise in unemployment.
• B) a lower real wage and no change in unemployment.
• C) a lower real wage and less unemployment.
• D) no change in real wage or in unemployment.

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Definitions:

Minimal Medium

A growth medium containing only the minimal necessities required for the growth of wild-type organisms, typically used in microbial research.

Uracil

A nitrogenous base found in RNA, replacing thymine found in DNA.

Adenine

A purine nucleobase used in forming nucleotides of the nucleic acids DNA and RNA.

Nitrogenous Rings

Structures found in organic compounds where nitrogen atoms are part of a cyclic arrangement.