According to the Real Business Cycle Theory, Technological Change

question 361

Multiple Choice

According to the real business cycle theory, technological change

• A) always increases productivity.
• B) never increases productivity.
• C) can initially decrease productivity.
• D) is caused by changes in productivity.

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Definitions:

Deviant

An individual whose actions, beliefs, or behavior diverge significantly from societal norms or expectations.

Constructionist Perspective

A sociological approach that emphasizes the role of social processes and interactions in the creation of social realities.

Constructionist Sociologists

Sociologists who subscribe to the theory that reality is socially constructed, emphasizing the ways in which social phenomena are created, institutionalized, and made into tradition by humans.

Objectively

In an unbiased and unprejudiced manner, based on observable phenomena and devoid of personal feelings or opinions.