Solved

If Technological Change Shifts the Long-Run Aggregate-Supply Curve to the Right

Question 106

Multiple Choice

If technological change shifts the long-run aggregate-supply curve to the right, it will also do which of the following?


A) It shifts both the short-run and long-run Phillips curves to the right.
B) It shifts both the short-run and long-run Phillips curves to the left.
C) It will shift the short-run aggregate-supply curve to the right and the long-run Phillips curve to the left.
D) It will shift the short-run aggregate-supply curve to the right and leave the long-run Phillips curve unaffected.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions