Which of the following is not true about technological progress?
A) Cause a decrease in unemployment in the medium run.
B) Lead to the disappearance of old goods.
C) Cause a decrease in unemployment in the short run.
D) Allow for the production of a larger quantity of goods using the same number of workers.
E) Lead to the production of new goods.

Question

Quizplus · Accepted Answer

Technological progress may cause a decrease in unemployment in the long run, but in the short run, new technologies often displace workers, which can lead to temporary unemployment. Therefore, option C is not true.

Which of the Following Is Not True About Technological Progress