The development of new technology typically:
A. shifts the supply curve to the right.
B. reduces profits.
C. results in a downward movement along a supply curve.
D. shifts the demand curve to the right.
Answer: A
Economics
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b. highly liquid assets that are close substitutes for money. c. stocks, bonds, and real estate. d. U.S. notes and Federal Reserve notes.
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The equation, Unemployment rate = Natural rate of unemployment - a × (?ctual inflation - Expected inflation),
a. is the equation of the short-run Phillips curve. b. implies there can be no stable short-run Phillips curve. c. reflects the reasoning of Friedman and Phelps. d. All of the above are correct.
Economics