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Technology drives Washington's largest increases in jobs in tech, online retail trade, professional and business services, health care, and manufacturing. Source: Seattle Times, January 11,
Technology drives Washington's largest increases in jobs in tech, online retail trade, professional and business services, health care, and manufacturing. Source: Seattle Times, January 11, 2019 Explain how technological change is influencing potential GDP, employment, and the real wage rate in the United States. Question content area bottom Part 1 Technological change _______. A. does not shift the U.S. production function but creates a movement up along the production function, which increases potential GDP B. increases the demand for labor and the supply of labor in the United States, and increases potential GDP C. shifts the U.S. production function upward, creates a movement up along the production function as the full-employment quantity of labor increases, and increases potential GDP D. increases the supply of labor in the United States but has no effect on the demand for labor. Potential GDP increases E. has no effect on U.S. potential GDP
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