As more efficient capital equipment becomes available, the demand for labor will , the real wage will , and the quantity of labor hired will

A) increase; increase; increase B) increase; decrease; remain the same
C) increase; remain the same; decrease D) increase; remain the same; increase

Economics

What role might contests among superstars play in accounting for income inequality?

What will be an ideal response?

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Economics

If aggregate demand shifts outward, the result will be inflation

a. True b. False Indicate whether the statement is true or false

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Economics

As more efficient capital equipment becomes available, the demand for labor will ________, the real wage will ________, and the quantity of labor hired will ________