_____ Can Temporarily Create Dislocations as Displaced Workers Try to Find

question 123

Multiple Choice

_____ can temporarily create dislocations as displaced workers try to find jobs elsewhere and,at the same time,make existing products more affordable.

• A)Technological change
• B)Changes in the rate of interest
• C)Population changes
• D)Changes in the price level
• E)An increase in public expenditure

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Definitions:

Most Efficiently

Operating in a way that maximizes productivity or benefits while minimizing waste and costs.

Output

The total amount of goods and services produced by an economy, business, or machine in a given period.

MC Equals MR

A condition in economics where the marginal cost of producing an additional unit is equal to the marginal revenue received from selling that unit, often used to determine the optimal level of production in perfectly competitive markets.

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded by consumers.