Assume That Employment Increases by 3

question 52

Multiple Choice

Assume that employment increases by 3%.Holding all other factors constant,we know with certainty that which of the following will occur?

• A)output will increase by 3%
• B)output per capita will increase by 3%
• C)output will increase by less than 3%
• D)the capital labor ratio will increase
• E) none of the above

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Definitions:

Monthly Payments

Regular payments made each month towards the repayment of a loan or financial obligation.

Finance

The management of money and other assets by individuals, companies, or governments.

Compounded Monthly

A method where interest is calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a loan or deposit, recalculated every month.

Month-end Contributions

Investments or payments made at the end of each month, commonly used in savings plans or investment strategies.