Which of the following is NOT believed to cause recent increases in wage inequality?
A)international trade
B)contractionary monetary policy
C)skill-biased technological progress
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Contractionary monetary policy is a tool used by central banks to control inflation by increasing interest rates, which can have short-term negative effects on employment and economic growth. However, it is not believed to be a significant factor in recent increases in wage inequality. International trade and skill-biased technological progress have both been identified as major drivers of wage inequality.

Which of the Following Is NOT Believed to Cause Recent