Question

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?

Homework Answers

Answer #1

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.

PLZ LIKE MY ANSWER

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Explain why there is a belief that technology shocks are highly persistent. What happens if the...
Explain why there is a belief that technology shocks are highly persistent. What happens if the shocks are not highly persistent?
A particular technology is both highly profitable and produces large benefits for consumers in terms of...
A particular technology is both highly profitable and produces large benefits for consumers in terms of a large consumer surplus. The technology also has a negative production externality. Explain under what conditions this particular technology should no longer be used if you take a perspective of societies overall welfare.
Answer the following questions about the effects of total factor productivity shocks: 1. Imagine a decrease...
Answer the following questions about the effects of total factor productivity shocks: 1. Imagine a decrease in total factor productivity (z) happens. We want to explain the effects of this in the labor, asset, and money markets. Determine the effects this shock will have on output, investment, consumption, employment, real wage, real interest rates, average labor productivity, and the price level. 2. Do these movements in part 1 correspond to the actual movement of economic variables during business cycles? In...
Explain what happens to supply,price,and quantity when the following conditions occur. a) A new technology is...
Explain what happens to supply,price,and quantity when the following conditions occur. a) A new technology is developed to pick peaches b) The government allows, more furniture imports from China c) Interest rates are lowered to help spur the economy d) The cost of rubber which is used in the manufacturing of tires increases e) The government imposes a tax in imports of foreign cars increases
Identify two highly corrupt countries and explain why you think these countries are highly corrupt. Where...
Identify two highly corrupt countries and explain why you think these countries are highly corrupt. Where does Canada rank on this index and why do you think it has that ranking? suggestion for the upper question.so in the given question, the 2 highly corrupt countries are Somalia and South Sudan and Canada rank at 12 the number. and the CPI showed in the question states that Canada CPI score in 2011 was 84 , 2012-2013 was 81 ,2015-16 was 82...
What does Peirce think is the opposite state from that of “belief”? Why? What method of...
What does Peirce think is the opposite state from that of “belief”? Why? What method of fixing belief does Peirce think is ultimately the most valuable? Why?
WHAT IS TECHNOLOGY? EXPLAIN WHY TRADE RESULTS IN ECONOMIES BEING MORE PRODUCTIVE?
WHAT IS TECHNOLOGY? EXPLAIN WHY TRADE RESULTS IN ECONOMIES BEING MORE PRODUCTIVE?
Become one with the Solow Growth Model c. What happens if you introduce shocks? (e.g. one-time...
Become one with the Solow Growth Model c. What happens if you introduce shocks? (e.g. one-time shock to population, capital stock, unexpected changes to variable such as savings rate or the population growth rate etc.) Do any of the curves shift? Does the steady state change? d. Be prepared to make comparisons between countries using the model. What is the difference between conditional convergence and unconditional convergence?
1) It is important to assume that leisure is a normal good? Explain why or why...
1) It is important to assume that leisure is a normal good? Explain why or why not. 2) Suppose that consumers pay tax on their wage income. First redraw the consumer's budget constraint considering this percent-tax. Then, show how this effects the labor supply curve. 3). What happens to the equilibrium level of labor after a decline in the level of technology? 4). Suppose the cost of renting capital increases(shown by an increase in r). a) what happens to the...
The addition of H- and NAD+ os highly reversible to a reaction. Explain why in a...
The addition of H- and NAD+ os highly reversible to a reaction. Explain why in a brief paragraph why NAD+ is such a good hydride (H-) acceptor and why NADH is a good hydride donor? (Hint: Think of structural features)