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