If the Adoption of a New Technology Led to Gains

question 39

Multiple Choice

If the adoption of a new technology led to gains in productivity ________.

• A)the ensuing positive supply shock would lead to an immediate increase in output
• B)in the short-run,the ensuing increase in supply would lower inflation
• C)and if this new technology permanently altered the productive capacity of the economy then the increase in output and decrease in inflation would be permanent as well
• D)all of the above
• E)none of the above

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Definitions:

Proximodistal

A principle of development where growth starts from the center of the body and moves towards the extremities.

General-to-specific

A form of logical reasoning that begins with a general observation or set of observations and moves toward a more detailed and specific conclusion.

Cephalocaudal

A principle of growth and development where development proceeds from the head downward through the body and limbs.

Birth Canal

The pathway through which a fetus travels during childbirth, including the cervix, vagina, and vulva.