When There Is a Temporary Increase in Total Factor Productivity

question 65

Multiple Choice

When there is a temporary increase in total factor productivity,

• A) labour demand increases and output supply decreases.
• B) labour demand decreases and output demand increases.
• C) labour demand increases and output demand increases.
• D) labour demand decreases and output supply decreases.
• E) labour demand increases and output supply increases.

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Definitions:

Company's Intranet

A private network used by a company to securely share information, operational systems, or computing services only within the organization.

Legal Departments

Divisions within organizations responsible for overseeing legal matters, including compliance with laws and representation in legal proceedings.

Incentive Pay

A compensation strategy that rewards employees for achieving specific performance targets or for exceptional work, intended to motivate higher productivity.

Motivate Employees

The process of inspiring and encouraging employees to achieve their best performance and commit to an organization's goals and success.