Business, 20.08.2019 18:30 karrathomas

Technological progress leads to a. a decrease in employment if, and only if, the increase in output is larger than the increase in productivity. b. a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. c. an increase in unemployment if, and only if, the increase in output is larger than the increase in productivity. d. an increase in employment if, and only if, the increase in output is smaller than the increase in productivity. the "jobless recovery" after the us recession of 2001 can be explained by the a. decline in labor productivity during that period. b. lack of technological progress during that period. c. unusually high productivity growth during that period. d. unusually high growth in aggregate demand during that period.

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Technological progress leads to a. a decrease in employment if, and only if, the increase in output...

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