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Holding Other Factors Constant, If New Technology Becomes Available That

question 65

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Holding other factors constant, if new technology becomes available that allows machines to produce manufactured goods more quickly and with fewer defects, then the real interest rate will ________ and the equilibrium quantity of national saving and investment will ________.


Definitions:

Brainstorming Session

A group activity designed to generate creative ideas and solutions by encouraging open and uncritical expression from all participants.

Combination of Ideas

The process of merging different concepts or thoughts to create a new, innovative outcome.

Traditional Brainstorming

A creative problem-solving and idea-generating technique in which group members spontaneously contribute ideas.

Electronic Brainstorming

A creative group problem-solving technique conducted through electronic means, allowing for the anonymous submission of ideas.

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