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4. Explain why there is a belief that technology shocks are highly persistent. What happens if...

4. Explain why there is a belief that technology shocks are highly persistent. What happens if the shocks are not highly persistent?

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Technology shocks are changes in technology that realize changes in socio, monetary or political results. In financial hypothesis, a mechanical stun is one which achieves an adjustment in the creation work. A technology stun changes the business cycle elements which makes them exceptionally industrious as they achieve an adjustment in the yield. On the off chance that mechanical shocks were not persevering, at that point people would not be urged to improve as the increases from technology are not spread over a critical timeframe. Since the chance of a ttechnological positive stun is spread over quite a while, business visionaries are urged to develop and bring new mechanical procedure.

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