Which of the following statements about labour productivity (Y/L), also known as the average product of labour are correct? Select one or more: O a. A rise in labour productivity must imply job losses O b. If Y is fixed A rise in labour productivity must imply job losses O . With a standard production function, if L falls, without any change in technology or capital intensity, labour productivity must rise
Which of the following statements about labour productivity (Y/L), also known as the average product of labour are correct? Select one or more: O a. A rise in labour productivity must imply job losses O b. If Y is fixed A rise in labour productivity must imply job losses O . With a standard production function, if L falls, without any change in technology or capital intensity, labour productivity must rise
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 35P: Say that the average worker in the U.S. economy is eight times as productive as an average worker in...
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![Which of the following statements about labour productivity (Y/L), also known as the average product of labour are
correct?
Select one or more:
O a. A rise in labour productivity must imply job losses
O b. If Y is fixed A rise in labour productivity must imply job losses
O c. With a standard production function, if L falls, without any change in technology or capital intensity, labour
productivity must rise
O d. A rise in labour productivity at the same time as a rise in employment is logically impossible](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Febe020d4-f6d3-4816-bece-43b62e43513a%2F53da7123-0a26-46a8-b050-5b9cf4821bc2%2Fia04fcn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following statements about labour productivity (Y/L), also known as the average product of labour are
correct?
Select one or more:
O a. A rise in labour productivity must imply job losses
O b. If Y is fixed A rise in labour productivity must imply job losses
O c. With a standard production function, if L falls, without any change in technology or capital intensity, labour
productivity must rise
O d. A rise in labour productivity at the same time as a rise in employment is logically impossible
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