Like world war i, the great depression made a deep and lasting impact on the united states. president franklin roosevelt took office during the great depression, and his administration created programs aimed at fixing the economic and social problems of this period. on this topic, you will write a one- to two-page essay that answers the following prompt: analyze the responses of president franklin roosevelt’s administration to the problems of the great depression. how effective were these responses? how did they change the role of the federal government?

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.