What Is Technological Determinism

question 39

Short Answer

What is technological determinism?

Recognize the concept of equilibrium GDP and its relation to full employment according to Keynes and the classicals.

Identify Say's Law and its significance in classical economics.

Explain the Keynesian critique of classical economics, specifically regarding savings, investment, and government intervention.

Describe the aggregate supply and demand analyses in both Keynesian and classical perspectives.

---

Definitions:

Cookies

Small files stored on a user's computer by web browsers that hold data related to the user's web browsing activities and preferences.

Collaborative Filters

A technique used in recommendation systems to predict the preferences of a user by collecting preferences or taste information from many users.

Individual Buyers

Consumers who purchase goods or services for personal use, not for manufacturing, resale, or commercial purposes.

Interactive Marketing

A marketing approach that involves a two-way interaction between a brand and its customers, often facilitated by digital tools.