Increases in Productivity Will

question 89

Multiple Choice

Increases in productivity will

• A) cause the price level to rise.
• B) impact short-run aggregate supply but not long-run aggregate supply.
• C) impact aggregate demand but not aggregate supply.
• D) increase long-run aggregate supply.
• E) increase the price level and aggregate supply.

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Definitions:

Competent

Having the necessary ability, knowledge, or skill to do something successfully.

Recall

The mental process of retrieving information from past experience or learning that is currently not in conscious awareness.

Attending Church

The act of participating in religious services, particularly in a Christian context.

Implicit

Referring to knowledge, attitudes, or feelings that influence an individual's behavior unconsciously, without their aware acknowledgment.