Moore's law states that every 18 months, the computing speed of a microchip doubles. a. What effect

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Moore's law states that every 18 months, the computing speed of a microchip doubles.
a. What effect does this likely have on the economy?
b. Explain your answer using the AS/AD model.

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 04:58 AM

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Moore's law states that every 18 months, the computing speed of a microchip doubles. a. What effect

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a This implies that productivity is increasing significantly If computers are a large p...View the full answer

Macroeconomics

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