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Consider each given scenario and the effect it will have, if any, on GM's demand for labor in its U.S. automobile factories. In each diagram,
Consider each given scenario and the effect it will have, if any, on GM's demand for labor in its U.S. automobile factories. In each diagram, make the appropriate adjustment to the graph to illustrate whether the event causes a movement along GM's demand curve for labor, or a shift in the labor demand curve.New advances in technology reduce the cost to GM of machinery used in its manufacturing plants. Assume that the substitution effect dominates the scale effect.
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