Multiple Choice
Which of the following is not true about technological progress?
A) allow for the production of a larger quantity of goods using the same number of workers
B) lead to the production of new goods
C) lead to the disappearance of old goods
D) cause a reduction in employment in the short run
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q1: For this question,assume that expectations of productivity
Q2: Suppose an economy experiences a reduction in
Q3: The number of workers employed will not
Q4: The evidence suggests that recent technological change<br>A)permanently
Q6: Based on price setting behavior,which of the
Q7: When the production function is represented by
Q8: For this question,assume that expectations of P
Q9: Which of the following is not believed
Q10: Assume an economy experiences an increase in
Q11: When the unemployment rate is on the