Sometimes new technology in production reduces the time that a worker takes to complete a task. Technological

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Sometimes new technology in production reduces the time that a worker takes to complete a task. Technological innovations can also completely replace a factory worker.

Does this mean that technological progress will lead to large-scale unemployment? Explain your answer.

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Macroeconomics

ISBN: 9780367752279

Global Edition

Authors: Acemoglu Daron, Laibson David, List John.

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Question Posted: Nov 18, 2024 03:01 AM

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Sometimes new technology in production reduces the time that a worker takes to complete a task. Technological

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Macroeconomics

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