True/False
Suppose the long-run aggregate supply curve shifts to the right as a consequence of the discovery of more efficient production technologies.Given unchanged aggregate expenditure, this implies a rise in long-run equilibrium output and a decline in the equilibrium price level.
Correct Answer:
Verified
Correct Answer:
Verified
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Q2: Which of the following economic changes will
Q3: In the long run, increased consumption spending
Q4: Which of the following would result in
Q6: Other things equal, an increase in aggregate
Q7: Assuming a fixed exchange rate, a decrease
Q8: The figure given below represents the long-run
Q9: The figure given below represents the long-run
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Q11: Assume that the AD curve is held