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:

Qualitative Approach

A research method focused on understanding concepts, thoughts, or experiences through non-numerical data, such as interviews or observations.

Demographic Trends

Patterns and changes in the characteristics of human populations, such as age, race, or gender, that can influence societal structures and markets.

SWOT Analysis

An instrument for planning strategies that detects the Strengths, Weaknesses, Opportunities, and Threats involved in business competition or the planning of a project.

External Analysis

The process of evaluating an organization's external environment to identify opportunities and threats that could impact its strategy and operations.