Evidence Suggests That in the Last Several Decades, Technology Has

question 14

Multiple Choice

Evidence suggests that in the last several decades, technology has played a role in driving inequality. Thus, ________ may be key to reducing inequality in the future.

• A) education
• B) savings
• C) research and development
• D) investment

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Definitions:

Monetary Policy

Monetary policy involves the management of a country's money supply and interest rates by the central bank to influence economic activity, including inflation, consumption, and growth.

Monetary Contraction

A reduction in the total supply of money in an economy, which often aims to control inflation.

Economic Growth

The increase in the production of goods and services in an economy over a period of time, typically measured as the percentage increase in real gross domestic product (GDP).

Low Interest Rates

A monetary policy condition in which central banks set lower rates for borrowing, typically to stimulate economic growth by encouraging spending and investment.