Question
Assume the United States economy is macroeconomic equilibrium at full employment, when it experiences a technology boom that improves technology across industries and improves productivity.
Assume the United States economy is macroeconomic equilibrium at full employment, when it experiences a technology boom that improves technology across industries and improves productivity. Evaluate the effect on the AD curve, AS curve, LRAS curve equilibrium price level and equilibrium output. Explain your answer and in addition provide a graph that reflects your explanation
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
