Multiple Choice
Other things the same, if technology increases, then in the long run
A) both output and prices are higher.
B) output is higher and prices are lower.
C) output is lower and prices are higher.
D) both output and prices are lower.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q92: The term business cycle implies that economic
Q93: When output rises, unemployment falls.
Q94: Like real GDP, investment fluctuates, but it
Q95: Stagflation results from continued decreases in aggregate
Q96: When the Fed buys bonds the supply
Q98: Identify the direction of the change during
Q99: Other things the same, as the price
Q100: Scenario 33-1<br>Suppose that political instability in other
Q101: The price level rises in the short
Q102: John Maynard Keynes advocated policies that would