Multiple Choice
For the following question(s) ,assume that the economy is in long-run equilibrium in the aggregate demand/aggregate supply model and that some sort of event takes place.In each case,mark the most likely impact of the event on the aggregate demand/aggregate supply diagram given below.
Figure 10-19
-Refer to Figure 10-19.A major technological advance occurs.
A) The aggregate demand curve would shift to the right.
B) The aggregate demand curve would shift to the left.
C) Both the short-run and the long-run aggregate supply curves would shift to the right.
D) Both the short-run and the long-run aggregate supply curves would shift to the left.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Which of the following will lead to
Q10: Construct a graph of the aggregate goods
Q58: During the 1990s,a financial crisis spread throughout
Q72: The expected price level is important because<br>A)
Q75: An increase in the long-run aggregate supply
Q76: For an oil-importing country such as the
Q77: When an economy is experiencing an economic
Q98: If there is an unanticipated decrease in
Q116: From mid-year 2006 to year-end 2008, housing
Q166: Other things constant, an increase in the