Technological Advancements Cause Structural Unemployment

question 100

Multiple Choice

Technological advancements cause structural unemployment. However, they help in:

• A) lowering the rate of interest in the economy.
• B) increasing the price level in the economy and hence make business more profitable for the firms.
• C) improving living standards by giving consumers a greater variety of goods at lower costs.
• D) raising government's tax revenue.
• E) raising the aggregate income in the economy.

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