How do adverse technology shocks affect labour demand and supply?
A. Decrease the demand for labour
B. Both real wage and employment fall
C. Real wage increases and employment falls
D. Real wage falls and employment increases
E. Adverse effect on market equilibrium.
Choose the correct answer from the options given below:
1
A, C and D only
2
B, D and E only
3
A, B, C and D only
4
A, B and E only