Write on the topic: "Is the Implementation of Technological Progress Compatible with Full Employment in the Current US Economy?"

Explain the following in your paper:

• what istechnologicalprogress
• howtechnologicalprogressis included in long-run production functions
• which is the relationship among the amount of capital, the amount of labor and the level oftechnologicalprogressin 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 oftechnologicalprogresscannot be increased on short-run
• how your theoretical conclusions apply to the current US economy.