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Author Question: The equilibrium effects of a prospective future increase in total factor productivity include A) ... (Read 66 times)

daltonest1984

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on: Jun 30, 2018
The equilibrium effects of a prospective future increase in total factor productivity include
 
  A) an increase in the real wage and an increase in the real interest rate.
  B) an increase in the real wage and a decrease in the real interest rate.
  C) a decrease in the real wage and an increase in the real interest rate.
  D) a decrease in the real wage and a decrease in the real interest rate.

Question 2

Early industrialization was characterized by labor-saving technology, and this caused U.S. wages to be lower in the manufacturing industry than would otherwise have been the case.
 
  Indicate whether the statement is true or false


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DHRUVSHAH

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

False


daltonest1984

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

amandalm

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Reply 3 on: Yesterday
Excellent

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