New technological advancements, such as robots are
a. harmful because they put people out of work.
b. harmful because robots are likely to have electrical problems which could cause injuries to people.
c. both a and c above.
d. helpful because they improve worker productivity.
d. helpful because they improve worker productivity.
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Which of the following lowers frictional unemployment?
A) more young people in the economy B) decreasing unemployment benefits C) increasing the pace of technological change D) increasing the minimum wage E) None of the above answers are correct because all of the answers raise frictional unemployment.
When the economy is at the full employment level of real GDP, expansionary fiscal policy will not increase the economy's total output in the long run
a. True b. False Indicate whether the statement is true or false