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Using the real business cycle theory, explain how a significant technological improvement can alter the equilibrium employment level and the output level.
Common Stereotypes
Widely held but fixed and oversimplified images or ideas of a particular type of person or thing.
Job Applicant's Appropriateness
Evaluates how well a candidate fits a specific job role based on their skills, experience, and personality.
Self-perception
The process through which individuals form an understanding or awareness about themselves, based on their interpretations of their own behavior.
Self-control
The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.
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