An Increase in Total Factor Productivity

question 47

Multiple Choice

An increase in total factor productivity

• A)increases consumption, reduces output, and increases the real wage.
• B)reduces consumption, reduces output, and reduces the real wage.
• C)increases consumption, increases output, and increases the real wage.
• D)reduces consumption, increases output, and increases the real wage.
• E)reduces consumption, increases output and reduces the real wage.

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Definitions:

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