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A decrease in labor productivity and the real wage could be caused by:

1) an increase in the demand for or supply of labor.

2) an increase in the demand for labor or a decrease in the supply of labor.

3) a decrease in demand for labor or an increase in the supply of labor.

4) a decrease in the demand for labor or a decrease in the supply of labor.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91865073

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