The Effect of an Increase in Labour Productivity,assuming No Change

question 122

Multiple Choice

The effect of an increase in labour productivity,assuming no change in the supply of labour,is i.an increase in the real wage.
Ii) an increase in potential GDP.
Iii) a decrease in the demand for labour.

• A)i only
• B)i and ii
• C)i and iii
• D)ii and iii
• E)i,ii and iii

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Definitions:

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.

Health

The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that organizes human needs into a hierarchical structure, with basic needs at the bottom and self-actualization at the top.

Consistency

The degree to which a substance holds together; uniformity or thickness of a fluid.