Technological Unemployment Is a Macroeconomic Phenomenon That Occurs When

question 59

Multiple Choice

Technological unemployment is a macroeconomic phenomenon that occurs when:

• A) hysteresis.
• B) unemployment changes due to the effects of technology in high- technology industries.
• C) unemployment changes due to the effects of monetary and fiscal policy in the New Economy.
• D) Eurosclerosis.
• E) unemployment changes as a result of technological change.

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Definitions:

Improve Flexibility

Refers to the ability of a system or operation to adapt to changes or variations in conditions, demand, or the environment.

Total Production Streamlining

An approach aimed at enhancing manufacturing efficiency by systematically reducing waste and improving production processes.

Customer Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.

Source of Variation

Factors that cause diversity in data or in the characteristics of populations or samples, impacting the results of a study or process.