Author Question: Labor productivity is measured as: a. the share of wages in national income. b. the change in ... (Read 95 times)

nelaaney · **on:** Jun 30, 2018

Labor productivity is measured as:
a. the share of wages in national income.
b. the change in labor to capital ratio.
c. real output per labor hour.
d. the change in output from hiring an additional unit of labor.
e. the growth in the quantity of labor.

Question 2

A given increase in demand will raise the equilibrium quantity exchanged:
a. unless supply is perfectly inelastic.
b. more in the long run than in the short run.
c. in the market for normal goods.
d. all of the above