In the long run, changing technology has led to:
A) lower employment and lower wage rates.
B) higher employment and lower wage rates.
C) lower employment with wage rates unchanged.
D) higher employment with wage rates unchanged.
E) higher incomes and more leisure time.

Question

Quizplus · Accepted Answer

Changing technology has historically led to higher incomes by increasing productivity and efficiency. Additionally, it has often resulted in more leisure time as tasks become automated or require less time to complete, allowing people to work fewer hours for the same pay or pursue other interests.

In the Long Run, Changing Technology Has Led To