Question

Over the long run, ____________ per hour is the most important determinant of the average wage level in any economy. Group of answer choices demand dollars productivity supply

Answer 1

It should be noted that Productivity per hour in the long run is the most important determinant of the average wage level in any economy.

What is Productivity per hour?

Productivity per hour can be regarded as measure of labour productivity.

It helps to know how efficiently labour input as well as other factors of production and how it is been used in the production process.

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