Which of the following variables can be used to measure labor productivity?
A) real GDP B) number of labor hours
C) number of workers D) all of the above
Question 2
The aggregate supply curve cannot tell us
A) how the total dollar values of spending will ultimately be divided between output and prices.
B) how changes in the price level affect quantity demanded of all commodities.
C) what the effect of changes in interest rates will be on real GDP.
D) anything about the quantity demanded of all commodities and the price level.
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