An Increase in Total Factor Productivity

question 13

Multiple Choice

An increase in total factor productivity

• A) increases consumption, increases output, and increases the real wage.
• B) reduces consumption, increases output, and increases the real wage.
• C) reduces consumption, increases output and reduces the real wage.
• D) reduces consumption, reduces output, and reduces the real wage.
• E) increases consumption, reduces output, and increases the real wage.

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Definitions:

James-Lange Theory

The theory that our experience of emotion is our awareness of our physiological responses to emotion-arousing stimuli.

Cannon-Bard Theory

The theory that an emotion-arousing stimulus simultaneously triggers (1) physiological responses and (2) the subjective experience of emotion.

Physiological Arousal

A state of physical alertness and activation that is often a response to a stimulus or emotional state.

William James

A pioneering American psychologist and philosopher known for his contributions to pragmatism and functionalism and as the father of American psychology.