The real business cycle (RBC) theory assets that the impact on real GDP of technological change is

Question

Quizplus · Accepted Answer

The real business cycle theory suggests that the impact of technological change on real GDP is generally positive, as it boosts productivity and economic growth. However, there may be occasional negative effects, such as when a new technology requires significant reorganization or investment before it can be fully utilized. Therefore, option B is the best choice as it reflects the overall trend while also acknowledging the possibility of negative impacts. Options A, C and D are not accurate as they present extreme or incorrect statements.

The Real Business Cycle (RBC) Theory Assets That the Impact