michaelcolantro1 michaelcolantro1

22-05-2024
Social Studies

Answered

Economic Reasoning
1. IDENTIFYING CONNECTIONS Why don't economists consider the
effects of changes to technology when focusing on the short run?

Answer :

GinnyAnswer GinnyAnswer

22-05-2024

Final answer:

Economists prioritize short-run analysis over technology effects due to hysteresis.

Explanation:

Economists focus on the short run without considering the effects of changes to technology because in the short run, people tend to react less to temporary changes than permanent ones. This phenomenon is known as hysteresis, where individuals continue using outdated technology until it becomes obsolete. As a result, the impacts of technological changes in the short run may not be as pronounced compared to the long run.

Learn more about Short-run economic analysis and technology effects here:

https://brainly.com/question/35430806

Answer Link

Other Questions

Firms that have had long-term success may get complacent. This is commonly known as:A) inertia of intention.B) inertia of satisfaction.C) inertia of greatness.D

Duha was the owner and operator of an expensive shoe store in downtown Calgary. Duha hired an assistant, Reza. Once Reza familiarized himself with the business,

Simplify the following expression:[tex]\[ \frac{1 - \cos^4 \theta}{\sin^4 \theta} = 1 + 2 \cot^2 \theta \][/tex]

Leona is the general manager of a global manufacturing company. She warks to give one of her managers an "mployee of the Year avard which manager should stie ch

What are the zeros of [tex]f(x) = (x-1)(x+6)[/tex]?Select all that apply.A. [tex]x=6[/tex]B. [tex]x=-1[/tex]C. [tex]x=1[/tex]D. [tex]x=-6[/tex]

A budgetany risk prevention plan ____a. Is not necessary for eventsb. Prevents the possibility of exceeding the budgetc. Addresses the possibility of threats to

Explain the concept of quantum plasmonic filters in nanophotonics.

What are the challenges of designing filters for quantum-dot based photonicdevices?

A nurse is preparing a client scheduled for right knee arthroplasty surgery. Which of the following interventions should be the priority for the nurse to addres

Orlando made the decision to open his food truck because he wanted to share the seasonings of his culture with others. Suppose that Orlando now wants to make a

Larry and Steve have 171 marbles in all. The number of marbles Larry has is 39 fewer than 3/7 of the number of marbles Steve has. How many marbles does Steve

Larry and Steve have 171 marbles in all. The number of marbles Larry has is 39 fewer than 3/7 of the number of marbles Steve has. How many marbles does Steve

If Georgia is 59,424.77 square miles, then what is the area of Georgia rounded to the nearest square mile?

write the inverse of 5x-17=11-3y in F-1(x) notation

between which two steps of the water cycle does the ocean fit

If Georgia is 59,424.77 square miles, then what is the area of Georgia rounded to the nearest square mile?

Describe how the ocean plays a role in stabilizing Earth's weather conditions.

write the inverse of 5x-17=11-3y in F-1(x) notation

Larry and Steve have 171 marbles in all. The number of marbles Larry has is 39 fewer than 3/7 of the number of marbles Steve has. How many marbles does Steve

Larry and Steve have 171 marbles in all. The number of marbles Larry has is 39 fewer than 3/7 of the number of marbles Steve has. How many marbles does Steve