Author Question: Some believe that technological progress leads to higher unemployment in the medium run. This claim ... (Read 81 times)

cmoore54 · **on:** Jun 30, 2018

Some believe that technological progress leads to higher unemployment in the medium run. This claim that technological progress results in an increase in unemployment in the medium is supported by

A) economic theory, but contradicted by the evidence.
B) theory and evidence.
C) the evidence, but contradicted by theory.
D) neither theory nor evidence.
E) none of the above

Question 2

When the economy is in equilibrium, we know with certainty that

A) public saving equals investment.
B) private saving equals investment.
C) G = T.
D) none of the above