Long-Term Increases in Productivity That Have Increased the Demand for Labor

Multiple Choice

Long-term increases in productivity that have increased the demand for labor and the real wages of labor have resulted primarily from ______ and _____.

A) technological progress; a modernized capital stock
B) technological progress; an increased labor supply
C) a modernized capital stock; skill-biased technological change
D) a modernized capital stock; an increased labor supply