Technological Unemployment Is a Macroeconomic Phenomenon That Occurs When

question 43

Multiple Choice

Technological unemployment is a macroeconomic phenomenon that occurs when

• A)unemployment changes due to the effects of technology in high-technology industries.
• B)unemployment changes due to the effects of monetary and fiscal policy in the New Economy.
• C)hysterisis.
• D)Eurosclerosis.
• E) unemployment changes as a result of technological change.

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Definitions:

Discount Rate

A rate of interest used in discounted cash flow analysis for the purpose of determining the present value of incoming future cash streams.

Retirement Account

A financial account specifically designed for saving toward retirement, offering various tax advantages.

Monthly Rate

Refers to the interest or finance charge applied to a loan or credit balance on a monthly basis.

Compounded Monthly

The process of calculating interest on an initial principal, which also includes the accumulated interest from previous periods, with the compounding occurring on a monthly basis.