Under the law of demand, any increase in price will cause ________ in quantity demanded

a. a decrease
b. constant change
c. an increase
d. no change

a

Economics

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An increase in technology ________ potential GDP and ________ aggregate supply

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases E) does not change; does not change

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An advance in technology increases the productivity of labor. As a result, the nation's production function shifts ________ and the ________ labor curve shifts rightward

A) upward; demand for B) downward; demand for C) upward; supply of D) downward; supply of

Economics