Unemployment Would Decline in the Face of Rising Productivity If

question 104

Multiple Choice

Unemployment would decline in the face of rising productivity if:

• A) real wages only increased sluggishly.
• B) real wages adjusted instantaneously.
• C) labour supply remained fixed in the face of increases in labour demand.
• D) the demand for labour did not respond to the rising productivity.

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Definitions:

Schizophrenia

A chronic mental disorder characterized by distorted thoughts, perceptions, emotions, language, sense of self, and behavior.

Dissociative Fugue

A rare dissociative disorder characterized by temporary amnesia for personal identity, often accompanied by unexpected travel or wandering.

Alternative Personalities

Distinct identities or personality states within an individual, typically in the context of dissociative identity disorder, each with its own pattern of perceiving and interacting with the environment.

Dissociative Amnesia

A condition characterized by memory loss that is caused by psychological stress or trauma rather than by physical damage to the brain.