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During the 2000s labor costs were rising faster than labor productivity in Spain. As a result, holding other factors fixed, it's most likely that:
During the 2000s labor costs were rising faster than labor productivity in Spain. As a result, holding other factors fixed, it's most likely that:
a.products produced in Spain were becoming less competitive on international markets
b.the Spanish unemployment rate was consistently low
c.Spanish net exports has increased
d.firms were getting more profits (b)