An article in the Wall Street Journal noted that companies eager to automate more of their back-office

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An article in the Wall Street Journal noted that “companies eager to automate more of their back-office tasks are fueling a booming market for software ‘robots.’” According to the article, “The technology uses software to mimic the way workers process transactions, creating applications to power automated systems that can perform tasks faster and better than humans.” Assuming that they are widely adopted by firms, how are these software robots likely to affect the costs of the firms that buy them? How are they likely to affect the short-run aggregate supply curve and the long-run aggregate supply curve?

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Related Book For  answer-question

Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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