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Do the recent high technological advances and productivity rates mean that the business cycle is dead? Multiple Choice No, the trend line for economic growth
Do the recent high technological advances and productivity rates mean that the business cycle is dead? Multiple Choice No, the trend line for economic growth is just steeper, but there can still be economic downturns. Yes, the faster rate of productivity growth will eliminate recession. Yes, the changes in technology have a compound, positive effect on the economy. No, the fact there are many start-up firms means that there will be more bankruptcies that will hurt the economy
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