An Increase in Total Factor Productivity in a Closed Economy

question 51

Multiple Choice

An increase in total factor productivity in a closed economy

• A) increases labour demand, increases the real wage, increases output and decreases the real interest rate.
• B) increases labour demand, increases the real wage, increases output and increases the real interest rate.
• C) increases labour demand, decreases the real wage, decreases output and increases the real interest rate.
• D) increases labour demand, decreases the real wage, decreases output and decreases the real interest rate.
• E) decreases labour demand, increases the real wage, increases output and decreases the real interest rate.

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Definitions:

Scapula

A flat, triangular bone located on the posterior side of the shoulder, serving as an attachment point for muscles and supporting the arm.

Sternum

The sternum, or breastbone, is a long flat bone located in the center of the chest, serving as a major connection point for ribs.

Thoracic Vertebra

One of the twelve vertebrae located in the mid-back section of the spine, which are connected to the rib cage.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone.