Factors Increasing the Labor Supply and Thereby Contributing to the Slowdown

question 38

Multiple Choice

Factors increasing the labor supply and thereby contributing to the slowdown in real-wage growth that began in the 1970s include ______ and _____.

• A) skill-biased technological change; globalization
• B) increased labor force participation by women; the coming-of-age of the baby-boom generation
• C) technological progress; diminishing returns to labor
• D) increasing wage inequality; globalization