How Would Each of the Following Affect the Current Level

question 35

Essay

How would each of the following affect the current level of full-employment output? Explain.
a.The new government changes immigration policy to restrict the number of immigrants entering the country each year.
b.New technology allows massive production of oil and gas through fracking.
c.A hurricane of unprecedented strength hits the country leaving huge damages to residential and business properties and infrastructure.
d.Robots equipped with artificial intelligence are widely used in production.

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Definitions:

Involved Grandparents

Grandparents who actively participate in their grandchildren's lives, providing support, nurture, and guidance.

Asian American

A term referring to Americans of Asian descent, encompassing a wide range of ethnicities, cultures, and histories.

African American Grandparents

Grandparents within the African American community, often playing significant roles in family structure, including as primary caregivers or cultural conveyors.

Empty Nest Syndrome

The experience that relates to parents’ feelings of unhappiness, worry, loneliness, and depression resulting from their children’s departure from home.