Technological Advances Increase Aggregate Supply

question 72

True/False

Technological advances increase aggregate supply.

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Definitions:

Social Security

A government program that provides monetary assistance to people with an inadequate or no income, especially the elderly, disabled, and unemployed.

Southern Veto

denotes the historical power of southern states in the U.S. to block or influence national legislation, particularly related to civil rights and other issues pertinent to the region.

New Deal Programs

A series of projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the 1930s aimed at recovering from the Great Depression.

Congress

The federal legislative institution in the United States, made up of two components: the Senate and the House of Representatives.