Question

This Question: 2 pts < 26 of 64 (10 complete) Real wage rate (2000 dollars per hour Draw a labor supply curve and a labor demand ourve. Label them LS, and LD Draw a point the equilibrium quantity of labor and the equilibrium real wage rate. Labelt 1. Draw and label a curve that shows the effect of an increase in labor productivity Draw a point at the new equilibrium quantity of labor and the equilibrium real wage rate Labelit 2 An increase in labor productivity increases potential GOP because O A production becomes more labor intensive and less capital intensive OB. employment increases and a given amount of employment produces more real GDP OG employment increases due to an increase in the supply of labor OD. there is a movement on the existing production function Ostalo Labor bons of hours per yew) >> Draw only the object specified in the question

Answer 1

An increase in labor productivity increase the demand for labor,shifting the Ld curve to the right,and increasing wages and quantity of labour.

The real output increase due to increase in employment.

и е е 40 CD В00 o0 Z

Answer-B