If a 1 percent increase in price causes a 2 percent increase in quantity supplied, then supply is

It is possible for an economy to become more productive and per-capita output to increase if

A) technology is improved. B) inventions are developed. C) new ideas are generated. D) all of the above

When the quantity of capital increases, then the

A) LAS curve shifts rightward and the SAS curve does not shift. B) SAS curve shifts rightward and the LAS curve does not shift. C) SAS curve shifts rightward and the LAS curve shifts rightward. D) SAS curve shifts rightward and the LAS curve does shifts leftward.