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    Macroeconomics Study Set 47
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    Exam 13: Technological Progress: the Short, the Medium and the Long Run
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    Because of Labour Hoarding, a Reduction in Output May Signal
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Because of Labour Hoarding, a Reduction in Output May Signal

Question 43

Question 43

Multiple Choice

Because of labour hoarding, a reduction in output may signal:


A) a decrease in employment.
B) no change in productivity.
C) an increase in productivity.
D) a decrease in productivity.
E) an increase in employment.

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