Other Things the Same, Continued Increases in Technology Lead to

question 456

Multiple Choice

Other things the same, continued increases in technology lead to

• A)continued increases in the price level and real GDP.
• B)continued increases in the price level but not continued increases in real GDP.
• C)continued increases in real GDP but not continued increases in the price level.
• D)None of the above are correct.

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Definitions:

Mean

The arithmetic average of a set of values or distribution.

Variance

A measure of the spread of a set of numbers, indicating how much the values differ from the mean of the set.

Standard Normal Random Variable

A normal distribution with a mean of zero and a standard deviation of one, used in z-score calculations.

Area

The size or dimensions of a land area or surface.