An Increase in Technology Will Shift the Long-Run Aggregate Supply

question 21

True/False

An increase in technology will shift the long-run aggregate supply curve to the left.

Apply the t-distribution for constructing confidence intervals when population standard deviation is unknown and the sample size is small.

Comprehend the role of the test statistic and its significance in hypothesis testing.

Recognize that the t-distribution's shape is independent of the sample mean change.

Understand the implication of degrees of freedom on t-distribution and its comparison to other distributions.

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