Author Question: Suppose an economy experiences an increase in technological progress. This increase in technological ... (Read 51 times)

evelyn o bentley · **on:** Jun 30, 2018

Suppose an economy experiences an increase in technological progress. This increase in technological progress will

A) allow more output to be produced with the same number of workers.
B) allow the same amount of output to be produced with fewer workers.
C) lead to changes in the types of goods produced.
D) all of the above
E) none of the above

Question 2

An increase in the marginal propensity to save from .1 to .2 will cause

A) an increase in the multiplier and a given change in autonomous consumption (c0 ) to have a smaller effect on output.
B) an increase in the multiplier and a given change in autonomous consumption (c0 ) to have a larger effect on output.
C) a reduction in the multiplier and a given change in autonomous consumption (c0 ) to have a smaller effect on output.
D) a reduction in the multiplier and a given change in autonomous consumption (c0 ) to have a larger effect on output.