Technological Progress Will

question 7

Multiple Choice

Technological progress will:

• A)shift the investment schedule downward and increase the level of employment.
• B)shift the investment schedule downward and decrease the level of employment.
• C)increase unplanned investment in inventories.
• D)shift the investment schedule upward and increase the equilibrium level of GDP.

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Definitions:

Style Of Life

Style of Life, a concept introduced by Alfred Adler, refers to an individual's unique way of achieving superiority, coping with life's challenges, and striving towards personal goals.

Adler

Alfred Adler, an Austrian medical doctor, psychotherapist, and founder of the school of individual psychology.

Childhood Inferiorities

Feelings of inadequacy believed to begin in childhood, which can influence adult behavior and personality, as per theories in psychology, notably by Alfred Adler.

Extraversion-Introversion

A personality dimension that describes the extent to which an individual is outgoing and enjoys social interaction versus being more reserved and solitary.