According to the Real Business Cycle Theory, Technological Advances

question 244

Multiple Choice

According to the real business cycle theory, technological advances

• A) increase the marginal product of labor, which causes real wages and output to decline.
• B) decrease the marginal product of labor, which causes real wages and output to increase.
• C) increase the marginal product of labor, which causes real wages to increase and output to decline.
• D) increase the marginal product of labor, which causes real wages and output to increase.

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