Author Question: Ames and Rosenberg (1963) argue that demand for manufactured goods in the U.S. tended to be ... (Read 45 times)

anshika · **on:** Jun 30, 2018

Ames and Rosenberg (1963) argue that demand for manufactured goods in the U.S. tended to be utilitarian in nature rather than high quality, and this encouraged development of mass production methods.

Indicate whether the statement is true or false

Question 2

The equilibrium effects of a temporary increase in total factor productivity include

A) an increase in the real wage and an increase in the real interest rate.
B) an increase in the real wage and a decrease in the real interest rate.
C) a decrease in the real wage and an increase in the real interest rate.
D) a decrease in the real wage and a decrease in the real interest rate.