Suppose That Technological Advancement Makes Labor More Productive

question 77

Multiple Choice

Suppose that technological advancement makes labor more productive. What is likely to happen wages and to potential output?

• A) Wages increase and potential output increases.
• B) Wages increase and potential output decreases.
• C) Wages decrease and potential output increases.
• D) Wages decrease and potential output decreases.

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Definitions:

Depakote

A medication typically used in the treatment of epilepsy, bipolar disorder, and to prevent migraine headaches, known chemically as divalproex sodium.

Antidepressant Medications

Drugs prescribed to alleviate symptoms of depression, affecting chemicals in the brain that may be unbalanced in people with this condition.

Aerobic Exercise

Physical exercise of relatively low intensity that depends primarily on the aerobic energy-generating process, such as running or cycling.

CBT

Cognitive Behavioral Therapy, a psychotherapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.