Steadily Improving Improvements in Technology, Other Things Being Equal, Will

question 101

Multiple Choice

Steadily improving improvements in technology, other things being equal, will result in

• A) no change in the price level and steadily increasing output.
• B) persistent deflation
• C) steadily rising price level (inflation) and steadily increasing output.
• D) a steadily falling price level with no change in output.

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