Author Question: Which of the following is not true about technological progress? A) allow for the production of a ... (Read 38 times)

Kthamas · **on:** Jun 30, 2018

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

Question 2

The interest rate will increase as a result of which of the following events?

A) an increase in income
B) an open market purchase of bonds by the central bank
C) a reduction in income
D) all of the above
E) none of the above