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Author Question: An increase in physical capital or a technological advance A) raises the real wage rate. B) ... (Read 66 times)

CQXA

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on: Jun 29, 2018
An increase in physical capital or a technological advance
 
  A) raises the real wage rate.
  B) decreases the quantity of labor employed.
  C) shifts the production function downward.
  D) decreases demand for labor.

Question 2

Mike has just been laid off from his construction job because consumers are not purchasing new homes because of the recession. Mike would be considered to be part of
 
  A) structural unemployment.
  B) cyclical unemployment.
  C) seasonal unemployment.
  D) frictional unemployment.


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Amiracle

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


CQXA

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

EAN94

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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