Question

    A labor-augmenting technological change has no effect

    upon the
    A Depreciation investment line Correct Answer Incorrect Answer
    B Saving-curve Correct Answer Incorrect Answer
    C Output curve Correct Answer Incorrect Answer
    D Capital-effective labor ratio Correct Answer Incorrect Answer

    Solution

    A labor-augmenting technological change does not directly affect the depreciation investment line. The depreciation line depends on the rate of capital depreciation and the amount of capital, not on labor productivity.

    Practice Next
    More Research Questions
    ask-question