If technological change occurs in the economy,
A) the long-run aggregate supply curve will shift to the left.
B) we will move up along the long-run aggregate supply curve.
C) we will move down along the long-run aggregate supply curve.
D) the long-run aggregate supply curve will shift to the right.
D
Economics
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In the presence of a negative externality in production, a monopoly will produce
A) more than the social optimum. B) less than the social optimum. C) the social optimum. D) All of the above are possible.
Economics
Suppose the CPI in 1950 was 24.1 and the CPI in 1975 was 53.8 . When Ken's income rose from $10,000 per year in 1950 to $20,000 per year in 1970, Ken's standard of living improved between 1950 and 1970
a. True b. False Indicate whether the statement is true or false
Economics