The Secular Increase in Real Wages Resulted from Increases in Labor

question 1

Multiple Choice

The secular increase in real wages resulted from increases in labor productivity:

• A)that have increased the demand for labor faster than the supply of labor
• B)that have increased the supply of labor faster than the demand for labor
• C)that have decreased the demand for labor faster than the supply of labor
• D)made possible by increased public sector output

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Definitions:

Weekly Income

The total earnings received by an individual or household within a week, encompassing all sources of income such as wages, salaries, bonuses, and any other income.

Doughnuts

Doughnuts are a type of fried dough confectionery or dessert food, often circular with a hole in the center, but can come in various shapes and sizes.

Coffee

A beverage made from the roasted and ground beans of the Coffea plant, known for its stimulating effects due to caffeine.

Good

An item or service that is produced for sale or use.