Multiple Choice
Refer to the graph. Assume that the economy is in initial equilibrium where AD intersects A
If
The economy experiences a change in technology that increases productivity and resources, then
Real-business-cycle theory would suggest that this macroeconomic instability would eventually
Produce a new equilibrium at point
A) B.
B) C.
C) D.
D) E.
Correct Answer:

Verified
Correct Answer:
Verified
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