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Which of the following statements is TRUE?

jene277

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Which of the following statements is TRUE?

Which of the following statements is TRUE?

▸ Technological innovation can cause unemployment in a single industry.

▸ Technological innovation always acts as a substitute for labor.

▸ Technological innovation would lower overall labor productivity

▸ Technological innovation is generally cost inefficient.

Textbook

Macroeconomics

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 31 times

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chanelfargesen

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