Final answer:
Technological advances are crucial for economic stability as they drive productivity growth and facilitate consistent economic growth. This leads to various societal benefits, including higher standards of living and robust economic health.
Step-by-step explanation:
Economic stability is indeed considered a benefit of technological advances. When discussing economic stability, it is important to recognize that it is achieved when an economy experiences consistent growth, and this often correlates with technological advancements. Growth in technology significantly contributes to U.S. economic growth, often being the most critical factor compared to other growth contributors like human or physical capital.
Technological progress promotes productivity growth, which is essential for economic stability. Through new methods of production that can be adopted quickly and at a low marginal cost, economies can grow consistently. Furthermore, advanced technologies require a skilled workforce and improved machines, which creates a positive feedback loop by making subsequent technological advancements even more accessible.
Given these points, it is accurate to affirm that technological advances generally support and foster economic stability by driving productivity and facilitating economic growth, which benefits societies in various ways, including the creation of jobs, improvement of living standards, and enhancement of overall economic health.