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.

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Definitions:

Corporate Partners

Businesses that engage in relationships to achieve mutual goals, share resources, or enhance each other's brand through association.

General Practice

A medical practice providing primary and continuing care, addressing a broad range of personal health services regardless of the patient's age or sex.

Clerical Assistants

Administrative support professionals who perform a variety of office tasks, such as typing, filing, handling phone calls, and maintaining records, to ensure efficient operations.

Political\Legal Environment

The framework of laws, regulations, and political conditions that affect the operation of a business or organization.