Question: according to our labor demand labor supply model the...
Question details
According to our labor demand - labor supply model, the steady increase in productivity in the U.S. since World War 2 implies __________in equilibrium wages and __________ in equilibrium labor.
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a decrease / an increase |
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an increase / a decrease |
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an increase / an ambiguous response (either an increase or a decrease) |
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an ambiguous response (either an increase or a decrease) / an increase |
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