Over the last 40 years in the U.S. a. output and real wages have incr
Over the last 40 years in the U.S.
a. output and real wages have increased, while the capital-to-labor ratio has remained constant.
b. output, real wages, and the capital-to-labor ratio have all increased.
c. output has increased while real wages and the capital-to-labor ratio has remained constant.
d. output and real wages have increased, while the capital-to-labor ratio has fallen.
ANSWER
B
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