Multiple Choice
Use the following to answer questions.
Exhibit: Aggregate Production Function, Labor Market, and LRAS
-(Exhibit: Aggregate Production Function, Labor Market, and LRAS) If a change in technology moves the aggregate production function upward,
A) the demand for labor will remain the same.
B) the demand for labor falls.
C) the demand for labor increases.
D) the demand and supply of labor will increase.
Correct Answer:

Verified
Correct Answer:
Verified
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