A technological advance ________ potential GDP, ________ aggregate supply, and shifts the aggregate supply curve ________
A) decreases; increases; rightward
B) decreases; decreases; leftward
C) increases; decreases; leftward
D) increases; increases; rightward
E) increases; increases; leftward
D
Economics
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The marginal revenue product of labor is usually downward sloping
Indicate whether the statement is true or false
Economics
A "decrease in the quantity demanded" means that
A) the demand curve has shifted to the right. B) the supply curve has shifted to the left. C) price has declined and consumers therefore want to purchase more of the good. D) price has increased and consumers therefore want to purchase less of the good.
Economics