Suppose that a technological innovation increases the marginal productivity in a perfectly competitive labour market. All the rest equal, at the new market equilibrium, O A. the number of workers employed raises, but the wage rate paid is lower O B. the level of employment and the wage rate are both higher OC. the wage rate and the employment level decrease O D. the wage rate increases, but employment is lower

Suppose that a technological innovation increases the marginal productivity in a perfectly competitive labour market. All the rest equal, at the new market equilibrium, O A. the number of workers employed raises, but the wage rate paid is lower O B. the level of employment and the wage rate are both higher OC. the wage rate and the employment level decrease O D. the wage rate increases, but employment is lower

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 5SCQ: Beginning in the 1970s and continuing for three decades, women entered the U.S. labor force in a big...

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