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:

Independent

The state of being free from outside control or influence, capable of thinking or acting for oneself in a self-reliant manner.

Persuasion

The process of changing someone's beliefs, attitudes, or behaviors through argument, entreaty, or explanation.

Fear Appeals

A persuasive communication strategy that aims to scare people into changing their behavior by presenting a frightening outcome.

Asch's Research

Asch's research focused on social psychology, notably through experiments on conformity, demonstrating how group pressure could influence individuals to conform even when the group judgment was clearly incorrect.