What is the relationship between real wages and labor productivity? How would real wages and labor productivity
Question:
(a) An increase in the quantity of other productive factors (such as capital, energy, and raw materials) used in production;
(b) A decline in the size of the workforce resulting from lower rates of population growth and immigration?
Is the cause-and-effect relationship between real wages and productivity the same in each case?
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a Real wages and labor productivity are positively relatedthey rise and fall toget...View the full answer
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Jehal Shah
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