When output increases by 1%, the number of jobs ________ in the short run. One of the reasons why this is true is that a firm is likely to meet some of the increase in output by increasing the number of hours worked per job.
A) does not tend to rise by 1%
B) tends to rise by more than 1%
C) tends to fall by more than 1%
D) tends to fall by 1%
Correct Answer:
Verified
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