Technological change will
A)shift the per-worker production function up.
B)shift the per-worker production function down.
C)move the economy to a point beneath the per-worker production function.
D)move the economy along a given per-worker production function.
E)make the per-worker production flatter.

Question

Quizplus · Accepted Answer

Technological change will shift the per-worker production function up, meaning that with the same amount of labor input, output will increase due to improvements in technology. This can lead to economic growth and higher living standards.

Technological Change Will