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13 Dec 2019

Technological change that increases the marginal productivity of labor in the classical model would cause

A) labor demand, output and the price level to rise.

B) labor demand to fall, the price level to fall, and output to rise

C) labor demand, output and employment to rise.

D) output to rise but labor demand to fall.

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Trinidad Tremblay
Trinidad TremblayLv2
17 Dec 2019
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