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:

Verified
Correct Answer:
Verified
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