Technological change that increases the marginal productivity of labor in the classical model would cause
a. labor demand, output and the price level to rise.
b. labor demand to fall, the price level to fall, and output to rise.
d. labor demand, output and employment to rise.
c. output to rise but labor demand to fall.
B
Economics
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A) increase; smaller than; increase B) decrease; larger than; decrease C) decrease; larger than; increase D) decrease; equal to; increase
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The Bureau of Economic Analysis estimates the size of the underground economy but many economists believe that the estimates are too low
a. True b. False
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