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Holding Other Factors Constant,technological Progress ______ the Real Wage and ______

Question 42
Multiple Choice

Holding other factors constant,technological progress ______ the real wage and ______ employment. A)increases;increases B)increases;decreases C)increases;does not change D)decreases;increases

Related questions
Q 43
The two most important factors contributing to increased productivity in industrialized countries in the twentieth century were: A)higher relative prices and a larger labor supply. B)higher relative prices and technological progress. C)technological progress and increases in the capital stock. D)technological progress and increases in the labor supply.
Q 44
Long-term increases in productivity that have increased the demand for labor and the real wages of labor have resulted primarily from ______ and _____. A)technological progress;a modernized capital stock B)technological progress;an increased labor supply C)a modernized capital stock;skill-biased technological change D)a modernized capital stock;an increased labor supply
Q 45
Larger increases in the demand for labor than in the supply of labor explain: A)the substantial increase in real wages. B)the slowdown in real wage growth. C)increasing wage inequality. D)skill-biased technological change.
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