Multiple Choice
If the adoption of a new technology led to gains in productivity ________.
A) the ensuing positive supply shock would lead to an immediate increase in output
B) in the short-run,the ensuing increase in supply would lower inflation
C) and if this new technology permanently altered the productive capacity of the economy then the increase in output and decrease in inflation would be permanent as well
D) all of the above
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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