Is the Implementation of Technological Progress Compatible with Full Employment in the Current US Economy?
Note: The final research paper must have 7 pages.
You should explain in your paper:
what is technological progress
how technological progress is included in long-run production functions
which is the relationship among the amount of capital, the amount of labor and the level of technological progress in a country, at a given point in time
if it is possible to have full employment in a country, at a given point in time if the amount of capital and the level of technological progress cannot be increased on short-run
how your theoretical conclusions apply to the current US economy.
I need 3 to 4 charts.
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