Author Question: An advance in technology increases the productivity of labor. As a result, the nation's production ... (Read 103 times)

olgavictoria · **on:** Jun 29, 2018

An advance in technology increases the productivity of labor. As a result, the nation's production function shifts ________ and the ________ labor curve shifts rightward.

A) upward; demand for
B) downward; demand for
C) upward; supply of
D) downward; supply of

Question 2

Depository institutions undertake all the following activities EXCEPT they do not ________.

A) print money
B) minimize the cost of monitoring borrowers
C) pool risk
D) create liquidity