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Business, 07.04.2020 22:57 fruitsnaxFTW1079
If subsidies for research and development on new technologies lead to an increase in the average productivity of labor, what will most likely happen to real GDP per capita and long-run aggregate supply (LRAS) for a given population size? a. Real GDP per capita will decrease, and LRAS will increase. b. Real GDP per capita will decrease, and LRAS will decrease. c. Real GDP per capita will increase, and LRAS will increase. d. Real GDP per capita will increase, and LRAS will decrease. e. Real GDP per capita will decrease, and LRAS will not change.
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