According to the author, the development of complex algorithms that perform "brain work" in the future is most likely to:
A. reduce overall employment.
B. make the distribution of income less equal.
C. make the distribution of income more equal.
D. shorten the overall workweek.
Answer: B
You might also like to view...
The smallest (in terms of dollar value) component of our M1 money supply is
a. demand and other checkable deposits b. currency c. travelers' checks d. money market accounts e. savings accounts
If U.S. citizens decide to save a smaller fraction of their incomes, U.S. domestic investment
a. increases, and U.S. net capital outflow increases. b. increases, and U.S. net capital outflow decreases. c. decreases, and U.S. net capital outflow increases. d. decreases, and U.S. net capital outflow decreases.
An individual bank can safely lend out a multiple of its excess reserves, but the banking system can safely lend out only an amount equal to the excess reserves in the banking system.
Answer the following statement true (T) or false (F)
The chairperson of the Federal Reserve Board of Governors:
A. sits on the Federal Open Market Committee. B. is appointed by the President and confirmed by the Treasury. C. serves a fourteen-year term as chairman. D. is always the president of the Federal Reserve Bank of New York.