What Sort of Productivity Shocks Would Cause Lower Real Wage

question 72

Multiple Choice

What sort of productivity shocks would cause lower real wage growth and result in lower growth in labor productivity?

• A)productivity shocks which decrease supply of labor given the demand for labor
• B)productivity shocks which increase supply of labor given the demand for labor
• C)productivity shocks which increase demand for labor given the supply of labor
• D)productivity shocks which decrease demand for labor given the supply of labor

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Definitions:

Size of Organism

Refers to the physical dimensions of an individual organism, which can vary widely across different species and within a species.

Environment

The surroundings or conditions in which a person, plant, or animal lives or operates, including natural, social, and cultural factors.

Nutrient

Substances that provide nourishment essential for the growth and maintenance of life.

Oxygen-Transport Pigment

A compound, such as hemoglobin in humans, responsible for carrying oxygen through the bloodstream.