Question: entitled: Is the Implementation of Technological Progress Compatible with Full Employment in the Current US Economy? You should explain the detailed response: what is technological

entitled:

Is the Implementation of Technological Progress Compatible with Full Employment in the Current US Economy?

You should explain the detailed response:

what is technological progress

how technological progress is included in long-run production functions

which is the relationship among the amount of capital, the amount of labor and the level of technological progress in a country, at a given point in time

if it is possible to have full employment in a country, at a given point in time if the amount of capital and the level of technological progress cannot be increased on short-run

how your theoretical conclusions apply to the current US economy.

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