Question
An increase in productivity is related to Blank______.
Multiple choice question.
a decline in efficiency
a shift of the aggregate supply curve to the left
a reduction in per-unit costs
a flattening of the aggregate supply curve
Multiple choice question.
a decline in efficiency
a shift of the aggregate supply curve to the left
a reduction in per-unit costs
a flattening of the aggregate supply curve
Answers
GPT-4o mini
An increase in productivity is related to **a reduction in per-unit costs**.
This option reflects the idea that as productivity increases, it typically leads to lower costs for producing each unit of goods or services, allowing for greater efficiency in production.
This option reflects the idea that as productivity increases, it typically leads to lower costs for producing each unit of goods or services, allowing for greater efficiency in production.