How Will an Increase in Labor Productivity Affect Equilibrium in the Labor

question 88

Multiple Choice

How will an increase in labor productivity affect equilibrium in the labor market?

• A)The supply of labor will increase and the equilibrium wage and quantity of labor will increase.
• B)The demand for jobs will increase and the equilibrium wage and quantity of labor will increase.
• C)The demand for labor will increase and the equilibrium wage and quantity of labor will increase.
• D)The demand for labor will decrease because fewer workers will be needed to produce the same output. The equilibrium wage and quantity of labor will decrease.

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Definitions:

Hold-in Windings

Electromagnetic coils in a solenoid or relay responsible for maintaining the position of the armature once activated.

Winding Turns

Refers to the number of times a wire or cable is coiled around a core or spool, impacting the electrical properties in devices like transformers and inductors.

Gauge

A tool or instrument for measuring the size, amount, or degree of something, often used for assessing the thickness, width, or pressure of a material.

DMM V-DC Range

Relates to the voltage range in DC (Direct Current) that a Digital Multimeter can measure.