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There Is a Rise in Labor Productivity in the Economy

question 162

Multiple Choice

There is a rise in labor productivity in the economy.As a result,in the short run Real GDP __________ and the price level __________.


Definitions:

San Andreas Fault

A major geological fault in California formed by the boundary between the Pacific and North American tectonic plates, known for causing significant earthquakes.

Density Profile

The variation of density within a substance or object as a function of its composition or structure, often used in geological contexts to understand earth or planetary interiors.

Streambed

The bottom of a stream or river channel where water flows; composed of sediment and particles that are transported by the stream.

Uppermost Layer

Refers to the topmost layer of a material or structure, such as the Earth's surface or the atmosphere.

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