The View That Unemployment Becomes Increasingly Severe as Machinery Is

question 2

Multiple Choice

The view that unemployment becomes increasingly severe as machinery is substituted for labor is most closely associated with

• A) Ernst Say.
• B) Maynard Keynes.
• C) Eric Mill.
• D) Karl Marx.
• E) Adam Smith.

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Definitions:

Causal Variable

A variable that is presumed to cause or determine the outcome of interest in a research study.

Quantitative Model

A quantitative model uses mathematical equations and numerical data to represent a situation or problem, enabling objective analysis and predictions.

Qualitative Model

A model that relies on non-numeric data, such as expert opinion or case studies, to analyze and predict outcomes or behaviors.

Degree of Uncertainty

A measure or assessment of the unpredictability or risk associated with a decision, project, or future event.