Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 9

PRODUCTIVITY AND TECHNOLOGY-EXAMPLES OF INNOVATIONS IN COMPUTERS AND COMMUNICATIONS Recent innovations in computers and communications technologies are increasing productivity. Lucent Technologies (formerly Bell Labs), at www.lucent.com/minds/discoveries , provides a timeline of company innovations over the past 80 years. Cite five technological "home runs" (for example, the transistor in 1947) and five technological "singles" (for example, free space optical switching in 1990). Which single innovation do you think has increased productivity the most List two innovations since 1990. How might they boost productivity