ECON MACRO
ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 8, Problem 3.5P
To determine

Impact of technological change on unemployment.

Introduction: Technological unemployment is the loss of jobs caused by technological change. Such change typically includes the introduction of advanced machines which saves labor hours. The change in technology can cause short-term job losses.

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