Author Question: Suppose a country experiences an increase in output per worker. Such a development represents which ... (Read 64 times)

imanialler · **on:** Jun 30, 2018

Suppose a country experiences an increase in output per worker. Such a development represents which of the following?

A) an increase in labor productivity B) an increase in population growth
C) a reduction in the saving rate D) a decrease in economic growth

Question 2

We draw the long-run aggregate supply curve as a vertical line to reflect the fact that

A) changes in the price level do not alter the level of long-run real GDP after full adjustment has occurred.
B) an accurate depiction of the production possibilities curve is vertical after full adjustment has occurred.
C) technology and resource endowments do not affect long-run real GDP after full adjustment has occurred.
D) the productive capacity of the economy never changes after full adjustment has occurred.