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Assume That the Demand for Computer Programmers Drops Precipitously

question 17

Essay

Assume that the demand for computer programmers drops precipitously. Explain using Keynesian reasoning why this will cause unemployment.


Definitions:

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events happen with a known constant mean rate and independently of the time since the last event.

Occurrences

Instances or examples of something happening; events that take place.

Specified Interval

A defined range or period, often set for a particular purpose or task, indicating the precise limits within which something operates or occurs.

Binomial Experiment

An experiment having the four properties stated at the beginning of Section 5.5.

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