Multiple Choice
Suppose that a technological decline makes labor less productive. What is likely to happen to wages and to potential output?
A) Wages increase and potential output increases.
B) Wages increase and potential output decreases.
C) Wages decrease and potential output increases.
D) Wages decrease and potential output decreases.
Correct Answer:

Verified
Correct Answer:
Verified
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Q7: Table 7.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt="Table 7.1
Q9: Table 7.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt="Table 7.1
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