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:

Mindfulness

A mental state achieved by focusing one's awareness on the present moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations, used as a therapeutic technique.

Acceptance

The act of receiving or taking something offered, or the recognition of a situation or condition without attempting to change it.

Metamorphosis

A biological process by which an animal physically develops after birth or hatching, involving a conspicuous and relatively abrupt change in the animal's body structure.

Albert Ellis

An influential figure in the field of psychotherapy, particularly noted for his contributions to cognitive therapies and his challenge to traditional psychoanalytic approaches.