Essay
How would each of the following affect the current level of full-employment output? Explain.
a.The new government changes immigration policy to restrict the number of immigrants entering the country each year.
b.New technology allows massive production of oil and gas through fracking.
c.A hurricane of unprecedented strength hits the country leaving huge damages to residential and business properties and infrastructure.
d.Robots equipped with artificial intelligence are widely used in production.
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a.Decrease...View Answer
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