Technological Change

question 14

Multiple Choice

Technological change

• A) inevitably creates persistent technological unemployment.
• B) is reflected in improvements in labor output per hour.
• C) increases the intended spending function faster than the growth in output.
• D) has no impact on long-run aggregate supply without specific government intervention to increase it.
• E) causes the profitability of existing investment to fall, reducing the intended spending function.

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Definitions:

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, is a manual published by the American Psychiatric Association outlining criteria for the classification and diagnosis of mental disorders.

Mental Disorders

A rephrased definition might be: A wide range of conditions that affect mood, thinking, and behavior, potentially causing significant distress or impairment in daily functioning.

Mental Illness

A broad range of conditions affecting mood, thinking, and behavior, often diagnosed through clinical assessment.

Insurance Companies

Organizations that provide risk management for clients through the mechanism of compensation in the event of specific losses, damage, illness, or death in exchange for premium payments.