Solved

A Technological Advancement That Increases the Productivity of an Input

Question 49

Multiple Choice

A technological advancement that increases the productivity of an input will lead to:​


A) a leftward shift in the short-run aggregate supply curve and a rightward shift in the long-run aggregate supply curve.
B) a rightward shift in the short-run aggregate supply curve and a leftward shift in the long-run aggregate supply curve.
C) a leftward shift in the short-run aggregate supply curve, but no shift in the long-run aggregate supply curve.
D) a change in the slope of the short-run aggregate supply curve and a rightward shift in the long-run aggregate supply curve.
E) a rightward shift in both the short-run aggregate supply curve and the long-run aggregate supply curve.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions