Do the Recent High Technological Advances and Productivity Rates Mean

question 121

Multiple Choice

Do the recent high technological advances and productivity rates mean that the business cycle is dead?

• A)Yes, the faster rate of productivity growth will eliminate recession.
• B)Yes, the changes in technology have a compound, positive effect on the economy.
• C)No, the trend line for economic growth is just steeper, but there can still be economic downturns.
• D)No, the fact there are many start-up firms means that there will be more bankruptcies that will hurt the economy.

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Definitions:

Conditioned Fear

A learned response to a previously neutral stimulus that has been repeatedly paired with an aversive stimulus, resulting in the expression of fear responses to the neutral stimulus alone.

Safe Biking Trail

A designated path for bicycle riding that is designed or modified to minimize risk and enhance safety for cyclists.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly presented together, eventually eliciting the same response.

Operant Behavior

Behavior that is controlled by consequences, including reinforcement or punishment, which alter the likelihood of the behavior being repeated.