Some Believe That Technological Progress Leads to Higher Unemployment in the Medium

question 46

Multiple Choice

Some believe that technological progress leads to higher unemployment in the medium run. This claim that technological progress results in an increase in unemployment in the medium run is supported by:

• A) economic theory, but contradicted by the evidence.
• B) neither theory nor evidence.
• C) both theory and evidence.
• D) the evidence, but contradicted by theory.
• E) evidence from Australia only.

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A deeply distressing or disturbing experience, often resulting in lasting psychological impact.

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