In the Long Run, Technological Progress

question 322

Multiple Choice

In the long run, technological progress

• A)and increases in the money supply both make the price level rise.
• B)and increases in the money supply both make the price level fall.
• C)makes the price level rise, while increases in the money supply make prices fall.
• D)makes the price level fall, while increases in the money supply make prices rise.

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Definitions:

Basic Taste

One of the fundamental groups of taste sensations, including sweet, sour, salty, bitter, and umami.

Gestalt Principle

A theory in psychology that proposes the human brain sees objects in their entirety before perceiving their individual parts, suggesting that the whole is greater than the sum of its parts.

Continuity

The unbroken and consistent existence or operation of something over a period of time.

Basilar Membrane

A structure in the cochlea of the inner ear that plays a key role in the sense of hearing by vibrating in response to sound.