In the long run,changing technology on average has led to:
A)lower employment and lower wage rates.
B)higher employment and lower wage rates.
C)lower employment with wage rates unchanged.
D)higher employment with wage rates unchanged.
E)higher incomes and more leisure time.

Question

Quizplus · Accepted Answer

Changing technology has historically led to higher incomes by increasing productivity and efficiency. Additionally, it has often resulted in more leisure time as tasks become automated or more efficient, allowing people to work fewer hours for the same or greater pay.

In the Long Run,changing Technology on Average Has Led To