If there was a positive technological shock which increased the demand for labor, then

Name: If there was a positive technological shock which increased the demand for labor, then
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

A positive technological shock that increases the demand for labor would lead to an increase in production, as firms are now able to produce more with the same amount of inputs (including labor). This, in turn, would lead to an increase in GDP, as GDP is a measure of the value of goods and services produced in an economy.

If There Was a Positive Technological Shock Which Increased the Demand