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whitywhite11 whitywhite11
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A year ago
The following figure shows wage versus labor demand.




Refer to the figure above. If a new technology is developed that increases the marginal productivity of all workers, what will happen to the labor supply curve?

▸ It depends on how the labor demand curve shifts.

▸ It will shift left.

▸ It will shift right.

▸ It will remain the same.
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Macroeconomics

Macroeconomics


Edition: 3rd
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nieceyniecey
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