Technological advances lead to ________
A) a shift of the short run AS curve up
B) a shift of the long run AS curve to the left
C) an upward movement along the long run AS curve
D) all of the above
E) none of the above
E
Economics
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If the price is greater than the marginal cost of producing a good, the seller has
A) no benefit from the sale. B) a loss. C) some producer surplus from the sale. D) some negative consumer surplus from the sale. E) None of the above answers is correct.
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The Fed's dual mandate is to pursue the goals of
A) high employment and price stability. B) interest rate stability and financial market stability. C) rapid economic growth and low inflation. D) interest rate stability and a balanced budget.
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