1 Identify two sources of increase in labor productivity 2

Last updated: 3/3/2023

1 Identify two sources of increase in labor productivity 2 Assume that a country s economy is at full employment Productivity has been rising Using a correctly labeled graph of aggregate demand and aggregate supply show the long run effect of the growth in productivity on each of the following Real output Price level 3 Assume that the economy produces only two goods good X and good Y Using a correctly labeled production possibility diagram show the effect of the increase in labor productivity