Multiple Choice
If a new computer program was developed that dramatically improved productivity in most firms,what would happen in the labor market?
A) The real wage would not change but employment would decrease.
B) The real wage would increase and employment would decrease.
C) The real wage would decrease and so would employment.
D) The real wage would decrease and employment would increase.
E) The real wage would increase and so would employment.
Correct Answer:
Verified
Correct Answer:
Verified
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