The Empirical Evidence Suggests That Periods of High Productivity Growth

question 35

Multiple Choice

The empirical evidence suggests that periods of high productivity growth will cause which of the following in the short run?

• A)higher markups
• B)lower unemployment
• C)constant real wages
• D)greater equality in wages
• E) none of the above

Analyze the effect of taxes on consumer and producer surplus.

Determine the outcome of different types of market interventions like price ceilings and price floors.

Interpret graphical representations of market supply and demand shifts due to taxes and price controls.

Calculate the tax revenue generated from imposed taxes.

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