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Question: according to our labor demand labor supply model the...

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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.

a decrease / an increase

an increase / a decrease

an increase / an ambiguous response (either an increase or a decrease)

an ambiguous response (either an increase or a decrease) / an increase

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