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Author Question: There are some concerns that technological progress can lead to an increase in unemployment. Explain ... (Read 67 times)

madam-professor

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on: Jun 30, 2018
There are some concerns that technological progress can lead to an increase in unemployment. Explain the two related but separate dimensions of technological progress.
 
  What will be an ideal response?

Question 2

Which of the following will cause an increase in the amount of money that one wishes to hold?
 
  A) an increase in the interest rate increase
  B) a reduction in the interest rate increase
  C) a reduction in income
  D) none of the above


Kaytorgator

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Reply #1 on: Jun 30, 2018
Answer to Question 1

First, TP allows for a greater quantity of goods produced with the same inputs. Second, TP results in the production of new goods and the disappearance of old ones.

Answer to Question 2

B


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