An Increase in Total Factor Productivity Causes

question 3

Multiple Choice

An increase in total factor productivity causes

• A) real wages to rise.
• B) labour supply to fall.
• C) the output supply curve to shift left.
• D) real interest rates to rise.
• E) the production function to shift up.

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Definitions:

Bipolar Disorder

A psychological disorder marked by severe fluctuations in mood, ranging from manic or hypomanic episodes to depressive lows.

Manic Phase

A period of abnormally elevated mood, energy and activity levels, often associated with bipolar disorder.

Poor Appetite

A reduced desire to eat, often resulting from psychological or physical illness.

Huge Contributions

Large or significant additions, achievements, or efforts that have a major impact on a field or area.