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If a Series of Major Technological Breakthroughs Occur in the Economy

Question 21

Multiple Choice

If a series of major technological breakthroughs occur in the economy at the same time, then the most likely outcome would be that the economy's


A) demand curve for loanable funds will shift downward.
B) demand curve for loanable funds will shift upward.
C) consumption curve will shift downward.
D) position along the existing demand curve for loanable funds will move upward.

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