A technological advancement allows for
A) a reduction in structural unemployment.
B) a greater multiplier effect.
C) a lesser multiplier effect.
D) production of a greater quantity of output using a greater quantity of inputs.
E) production of a greater quantity of output using the same or fewer inputs.

Question

Quizplus · Accepted Answer

Technological advancements often lead to an increase in productivity, allowing for the production of a greater quantity of output using the same or fewer inputs. This can result in economic growth and increased standards of living.

A Technological Advancement Allows for