Which of these is(are) true? I. Increased use of technology has enabled companies to use fewer workers, contributing to jobless recoveries.
II) The use of fiscal and monetary policy to address a jobless recovery will not lead to spending by consumers and to firms being crowded out by government spending.
III) Increasing taxes to reduce the national debt is an appropriate policy to address a jobless recovery.

Question

Quizplus · Accepted Answer

Increased use of technology can lead to fewer workers being needed, contributing to jobless recoveries. The other statements are incorrect as fiscal and monetary policies can lead to crowding out, and increasing taxes during a recovery can hinder economic growth.

Which of These Is(are) True? I