Multiple Choice
________ is(are) the process by which new technology destroys existing jobs,but simultaneously creates jobs by making newer and better products elsewhere in the economy.
A) Tech cycles
B) Technological change
C) Creative destruction
D) Recursive tech
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Figure 6.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4177/.jpg" alt="Figure 6.1
Q4: If cyclical unemployment is eliminated in the
Q5: The marginal product of labour is<br>A) the
Q6: _ unemployment is short term,but _ unemployment
Q7: Figure 6.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4177/.jpg" alt="Figure 6.1
Q9: _ is the difference between the actual
Q10: A reason why a firm's demand for
Q11: If the real wage is above the
Q12: Reducing _ unemployment may be beneficial for
Q13: How might employment insurance increase the efficiency