Multiple Choice
The average years of schooling of workers in Argonia has increased.Which of the following is likely to be true if all other variables remain unchanged?
A) The efficiency units of labor in Argonia is likely to increase.
B) The income per worker in Argonia is likely to decrease.
C) The unemployment rate in Argonia is likely to increase.
D) The price level in Argonia is likely to decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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