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Innovation That Increases the Productivity of Capital Equipment Will Increase

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True/False

Innovation that increases the productivity of capital equipment will increase the demand for labor in the short run but decrease wages in the long run.


Definitions:

Sigmund Freud

An Austrian neurologist known for founding psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Unconscious Determinants

Factors that influence behavior and emotions without an individual's conscious awareness.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue.

Reinforcement

In the context of psychology, a process by which a stimulus increases the probability of a preceding behavior.

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