Assume That a Country Experiences a Reduction in Productivity That

question 86

Multiple Choice

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

• A) no change in the real wage and a rise in unemployment.
• B) no change in the real wage and no change in unemployment.
• C) no change in the real wage and a fall in unemployment.
• D) a decrease in the real wage.

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Definitions:

Groupthink

A mental occurrence happening among individuals in a group, where the preference for unity or agreement leads to unwise or ineffective outcomes in decisions.

Evaluative Comments

Feedback or remarks aimed at assessing the quality, effectiveness, or value of something, often used for improvement or decision-making purposes.

Structured Meeting

A meeting organized and conducted in a systematic manner, with a clearly defined agenda, objectives, and expected outcomes to ensure productivity and efficiency.

Groupthink

An occurrence in a societal group where the need for consensus or adaptation creates outcomes of decision-making that are unreasonable or ineffective.