Technological unemployment is a macroeconomic phenomenon that occurs when:
A) hysteresis.
B) unemployment changes due to the effects of technology in high- technology industries.
C) unemployment changes due to the effects of monetary and fiscal policy in the New Economy.
D) Eurosclerosis.
E) unemployment changes as a result of technological change.

Question

Quizplus · Accepted Answer

Technological unemployment is a macroeconomic phenomenon that occurs when unemployment changes as a result of technological change. As technology replaces human labor in certain sectors and industries, workers may become unemployed and unable to find new work in their field, leading to technological unemployment.

Technological Unemployment Is a Macroeconomic Phenomenon That Occurs When