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How Would Each of the Following Affect the Current Level

question 35

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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.


Definitions:

Drive-Reduction

A motivational concept suggesting that humans act to alleviate physical or psychological needs, aiming at maintaining homeostasis.

Safety

The state of being safeguarded against or not prone to causing harm, peril, or damage.

Esteem

A regard for oneself with respect or admiration, often seen as a component of self-worth or self-respect.

Belongingness And Love

A fundamental human need to be an accepted member of a group and to form meaningful attachments with others.

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