Explain why there is nothing predetermined about the relationship between time and progress in technology that would make Moore's Law into an actual law
What will be an ideal response?
Accordingly to Moore's Law, technological advances should double every two years. However, there is nothing predetermined about the relationship between time and progress in technology that would make this into an actual "law." This progress results from the investments of several companies in new computer technologies, which are in turn driven by the profitability of these investments. It also relies on government support for university and private research and on the ability of the United States and other advanced and developing nations to attract increasing numbers of young, talented students into science, engineering, and related fields. Things can change in the future, halting this rapid progress in technology. Fewer college students could choose to major in science and engineering in the future, or governments could decide to limit or even stop their support for private or university research, weakening incentives for further technological advances. Moreover, even without a major cutback in funding or a change in the profitability of research in this area, the rate of advance may slow down from its current breakneck pace.
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Other things equal, when the Fed raises the reserve requirement, the banking system's excess reserves will fall, the deposit expansion multiplier will decline, and the money supply will decrease
a. True b. False Indicate whether the statement is true or false
Balanced budget multiplier (= +5 - 4 = 1. Thus the impact on economic equilibrium is exactly equal to the original change in government spending (and taxes). So we can say that ?Y = ?G.**)
What will be an ideal response?
According to the Herfindahl-Hirschman Index, which is the more concentrated industry?
A. Industry X with an index of 2,400.
B. Industry Y with an index of 2,738.
C. Both industries have the same indices.
D. There is no way to determine the Herfindahl Indices of these industries with this data.
Goods that are produced but not immediately sold
A. count in the GDP as private investment. B. do not count in the GDP. C. count in the GDP as a change in private inventories. D. count in the GDP as intermediate input.