Improvements in the productivity of labor will tend to:

Name: Improvements in the productivity of labor will tend to:
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Question

Quizplus · Accepted Answer

Improvements in the productivity of labor will increase the efficiency and output of the labor force, leading to a decrease in the cost of production. This, in turn, will make firms more profitable and they will demand more labor to keep up with the increased output. Therefore, an increase in labor productivity will lead to an increase in the demand for labor.

Improvements in the Productivity of Labor Will Tend To