Multiple Choice
Which of the following best describes the effect of technological change on labour?
A) Technological change causes unemployment in the short run and lower incomes in the long run.
B) Technological change causes unemployment in the short run and higher incomes in the long run.
C) Technological change causes unemployment in the long run and higher incomes in the short run.
D) Technological change causes unemployment in the long run and lower incomes in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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