Author Question: Technological unemployment is a macroeconomic phenomenon that occurs when A) unemployment changes ... (Read 47 times)

karlynnae · **on:** Jun 30, 2018

Technological unemployment is a macroeconomic phenomenon that occurs when

A) unemployment changes due to the effects of technology in high-technology industries.
B) unemployment changes due to the effects of monetary and fiscal policy in the New Economy.
C) hysterisis.
D) Eurosclerosis.
E) unemployment changes as a result of technological change.

Question 2

An increase in the marginal propensity to save from .3 to .4 will cause

A) the ZZ line to become steeper and a given change in autonomous consumption (c0 ) to have a smaller effect on output.
B) the ZZ line to become steeper and a given change in autonomous consumption (c0 ) to have a larger effect on output.
C) the ZZ line to become flatter and a given change in autonomous consumption (c0 )) to have a smaller effect on output.
D) the ZZ line to become flatter and a given change in autonomous consumption (c0 ) to have a larger effect on output.