Demonstrate each of the following events by a production possibility frontier graph, and examine what the effects of it were on economic growth;
- The effects of the Baby Boom-the sharp increases in the birth rates in the U.S. from 1946 to 1964-on the U.S. economy in the 1970s and 1980s.
- The effects on the development and diffusion of computer technology in the 1970s and 1980s on the U.S. economy in the late 1990s to the present.
- The effects of the decline in public investment in the United State over the last 20 years or so on the U.S. economy in the future.
- The effects of the Baby Boom on the United State economy in the years 2011 to 2029.