The Number of Workers Employed Will Not Change as a Result

question 3

Multiple Choice

The number of workers employed will not change as a result of an increase in productivity when which of the following occurs?

• A)The AS curve shifts downward.
• B)Output growth exceeds productivity growth.
• C)Productivity growth is equal to output growth.
• D)The AD curve shifts to the right.
• E) none of the above

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Definitions:

Competitive Price-searcher

A market participant who actively compares prices among competitors to find the best possible deal, often in markets with imperfect competition.

Short-run Losses

Financial losses that a firm experiences within a limited time period, usually due to fixed costs and market conditions.

Industry Entry

The process or act of starting a new venture or entering a market as a new competitor.

Competitive Price-searcher

A market participant who actively compares prices among different suppliers to find the best deal.