Author Question: In the classical model, the factors determining output and employment are the factors that ascertain ... (Read 97 times)

nmorano1 · **on:** Jun 30, 2018

In the classical model, the factors determining output and employment are the factors that ascertain the position(s) of

a. the labor supply curve only.
b. the labor demand curve only.
c. the aggregate production function.
d. both the labor supply curve and the labor demand curve.
e. Both c and d

Question 2

Which is a good example of an increase in total factor productivity?

A) a tax cut
B) good weather
C) a company reducing its workforce
D) better credit conditions