Other Things the Same, Technological Progress Raises the Price Level

question 7

True/False

Other things the same, technological progress raises the price level.

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Definitions:

Double Jeopardy

Double jeopardy is a legal principle that prohibits an individual from being tried twice for the same offense, protecting against repeated prosecutions.

Procedural Due Process

Legal principle requiring government officials to follow fair procedures before depriving a person of life, liberty, or property.

Substantive Due Process

A principle allowing courts to protect certain fundamental rights from government interference, even if procedural protections are provided.

Takings Clause

A clause in the Fifth Amendment of the U.S. Constitution requiring that when government uses its power to take private property for public use, it must pay the owner just compensation, or fair market value, for the property. Also called just-compensation clause.