Classical Economists Believed That Technological Progress Would Make the Labor

question 317

Multiple Choice

Classical economists believed that technological progress would make the labor force

• A) more productive, shifting the labor demand curve rightward and raising real wage rates.
• B) less productive, shifting the labor demand curve leftward and lowering real wage rates.
• C) more productive, shifting the labor demand curve leftward and lowering real wage rates.
• D) less productive, shifting the labor demand curve leftward and raising real wage rates.

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