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Technological Advancements Cause Structural Unemployment

Question 100

Multiple Choice

Technological advancements cause structural unemployment. However, they help in:


A) lowering the rate of interest in the economy.
B) increasing the price level in the economy and hence make business more profitable for the firms.
C) improving living standards by giving consumers a greater variety of goods at lower costs.
D) raising government's tax revenue.
E) raising the aggregate income in the economy.

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