Describe the likely impact that this technological development may have on unemployment over three alternative time horizons, whereby the meaning of these horizons corresponds to usage in the Blanchard textbook.

This is the entire essay title. All questions must be answered in essay format and should all add up to 1500 words.

Technological Change, Robotization and Unemployment

Advances in technology and digitisation have revolutionised the use of robots in manufacturing.
These robots are often linked to the Internet and, in combination with new sensor technology, are
able to perform work increasingly autonomously.
Describe the likely impact that this technological development may have on unemployment over
three alternative time horizons, whereby the meaning of these horizons corresponds to usage in the
Blanchard textbook. In so doing, compose an essay that covers each of the questions below and
clearly indicate which part of your essay refers to which question:
A) Considering the models and equations that were discussed in this module, discuss briefly
which variable would appear to be most appropriate in capturing this technological
development, and explain why. (10 marks)
B) Discuss briefly what could be said about the impact on unemployment of the technological
progress described above in the short run? (10 marks)
C) Discuss and illustrate what could be said about the impact on unemployment of the
technological progress described above in the medium run? Consider whether it mattered if
broad-based advances in robotization were anticipated or not. (40 marks)
D) Discuss and illustrate what could be said about the long run impact of technological progress
on unemployment as described above? In so doing, explain whether distinguishing between
different types of labour is relevant here. (40 marks)