-Refer to Exhibit 17-3 Assume That the Starting Point on the Production

Multiple Choice

-Refer to Exhibit 17-3 Assume that the starting point on the production function is point A.After an increase in the technology coefficient,there would be a ______________________ which would shift the LRAS curve from LRAS₁ to _______________ resulting in _______________..

A) movement along the production function to point C; LRAS₂; economic growth
B) shift upward of the production function to point B; LRAS₂; economic growth
C) movement along the production function to point C; LRAS₃; a shrinking economy
D) shift upward of the production function to point B; LRAS₃; a shrinking economy