Technological unemployment is a macroeconomic phenomenon that occurs when
A)unemployment changes due to the effects of technology in high-technology industries.
B)unemployment changes due to the effects of monetary and fiscal policy in the New Economy.
C)hysterisis.
D)Eurosclerosis.
E) unemployment changes as a result of technological change.

Question

Quizplus · Accepted Answer

Technological unemployment refers to the unemployment that arises from technological innovation, which often results in the displacement of workers. So, option E "unemployment changes as a result of technological change" is the best answer. The other options are not related to the phenomenon of technological unemployment.

Technological Unemployment Is a Macroeconomic Phenomenon That Occurs When