Multiple Choice
Suppose advances in computer technology lead to a surge in worker productivity. In the long run,output will ________ and the price level will ________.
A) increase; increase
B) increase; decrease
C) increase; remain unchanged
D) decrease; decrease
E) remain unchanged; remain unchanged
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Which of the following causes an increase
Q5: The long run is best defined as
Q20: Suppose an economy has a law that
Q55: When the general price level rises and
Q69: An increase in aggregate demand is harmful
Q87: Suppose interest rates increase from 1 percent
Q90: An increase in expected future prices causes<br>A)
Q91: The wealth effect,interest rate effect,and international trade
Q136: Suppose housing values fall during a recession.
Q147: According to the interest rate effect,an increase