Suppose That There Is an Increase in Technology

question 11

Multiple Choice

Suppose that there is an increase in technology.The classical model predicts that

• A)both output and the price level rises.
• B)output rises and the price level remains the same.
• C)output rises and the price level falls.
• D)none of the above.

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Definitions:

Life Review

A process often engaged in by older adults, reflecting on past experiences and evaluating their lives.

Robert Butler

An American gerontologist known for his work on aging and mental health, and for coining the term "ageism."

Slow-to-warm Babies

Refers to a temperamental category where infants are initially hesitant about new experiences but gradually become more comfortable with repeated exposure.

Thomas and Chess

Psychologists who developed a model categorizing infants into three types of temperament: easy, difficult, and slow-to-warm-up.