Business, 17.03.2020 20:40 rederisbetter7637

Suppose the economy is producing at the natural rate of output. Assuming a fixed natural rate of output and everything else held constant, the development of a new, more productive technology will cause in the unemployment rate in the short run and in inflation in the short run.

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Suppose the economy is producing at the natural rate of output. Assuming a fixed natural rate of out...