Author Question: Labor productivity rises when A) average worker output rises. B) nominal wages fall. C) average ... (Read 124 times)

Destiiny22 · **on:** Jun 30, 2018

Labor productivity rises when

A) average worker output rises. B) nominal wages fall.
C) average worker output falls. D) business investment falls.

Question 2

One tenet of classical economics is that

A) the role of the government should be limited, since the market will always be self-correcting.
B) the government should set a minimum wage slightly above the natural market equilibrium rate.
C) the government should intervene whenever necessary to avoid any unemployment.
D) wages and prices are sticky downward.