Anything that causes the productivity curve to shift is classified as technological change.

Question

Quizplus · Accepted Answer

Technological change refers to any improvement in technology or any innovation that enhances productivity or efficiency. Such changes can shift the productivity curve upwards, reflecting an increase in output per unit of input. Therefore, technological change is classified as anything that causes the productivity curve to shift.

Anything That Causes the Productivity Curve to Shift Is Classified