An advance in technology that increases productivity and an increase in the working-age population results in a
A) rightward shift of the labor supply curve.
B) rightward shift of the labor demand curve.
C) rightward shift of the labor demand curve and of the labor supply curve.
D) no change to the production function.
Question 2
If the economy enters a recession
A) frictional unemployment increases.
B) structural unemployment decreases.
C) cyclical unemployment increases.
D) the number of workers on layoff decreases.
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