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Question 101

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Use the following to answer questions
Figure: Determining SRAS Shifts Use the following to answer questions Figure: Determining SRAS Shifts -(Figure: Determining SRAS Shifts) If there are advances in technology,the short-run aggregate supply curve will shift from SRAS<sub>0</sub> to _____ and the price level will become _____. A) SRAS<sub>1</sub>;P<sub>0</sub> B) SRAS<sub>1</sub>;P<sub>1</sub> C) SRAS<sub>2</sub>;P<sub>1</sub> D) SRAS<sub>2</sub>;P<sub>2</sub>
-(Figure: Determining SRAS Shifts) If there are advances in technology,the short-run aggregate supply curve will shift from SRAS0 to _____ and the price level will become _____.


A) SRAS1;P0
B) SRAS1;P1
C) SRAS2;P1
D) SRAS2;P2

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