2 pts Question 23 Other things equal, an improvement in productivity will: increase the equilibrium price level. shift the aggregate supply curve to the left. shift the aggregate supply curve to the right. shift the aggregate demand curve to the left Question 24 2 pts Productivity measures: real output per unit of input. per unit production costs the changes in real wealth caused by price level changes. the amount of capital goods used per worker.
23. Option 3. Shift the aggregate supply curve
to the right
Explanation: When there is an increase in
productivity, more can be produced with the given resources. So,
the aggregate supply curve would shift right.
24. Option 1. Real output per input
Explanation: Productivity measures the amount
of output per unit of input.