Assume That Technological Progress Does Not Occur

question 24

Multiple Choice

Assume that technological progress does not occur. Which of the following variables will not change when the economy reaches steady- state equilibrium?

• A) Output per worker.
• B) Investment per worker.
• C) Capital per worker.
• D) All of the above.
• E) Only A and B.

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Definitions:

Yielding To

The act of giving in or surrendering to a force, argument, persuasion, or a stronger individual's will.

Moderate Self-esteem

A balanced and realistic sense of respect or positive regard for oneself.

Advertisement Wear-out

The phenomenon where repetitive exposure to an advertisement leads to decreased consumer attention and diminished effectiveness over time.

Fear-based Appeals

Persuasive messages that attempt to evoke fear in order to influence attitudes or behaviors.