Technological change will
A)shift the per-worker production function up.
B)shift the per-worker production function down.
C)move the economy to a point beneath the per-worker production function.
D)move the economy along a given per-worker production function.

Question

Quizplus · Accepted Answer

Technological change will increase the productivity of each worker, which shifts the per-worker production function up. As a result, the economy can produce more output with the same amount of labor.

Technological Change Will