If a Series of Major Technological Breakthroughs Occur in the Economy

question 21

Multiple Choice

If a series of major technological breakthroughs occur in the economy at the same time, then the most likely outcome would be that the economy's

• A) demand curve for loanable funds will shift downward.
• B) demand curve for loanable funds will shift upward.
• C) consumption curve will shift downward.
• D) position along the existing demand curve for loanable funds will move upward.

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Definitions:

Chlamydia

A common sexually transmitted infection caused by the bacterium Chlamydia trachomatis, often asymptomatic but can lead to serious reproductive issues.

Gonorrhea

A sexually transmitted infection caused by the bacterium Neisseria gonorrhoeae, characterized by painful urination and discharge.

AIDS

Acquired Immune Deficiency Syndrome, a life-threatening condition caused by the human immunodeficiency virus (HIV), which severely damages the immune system.

HPV

Human papillomavirus, a group of viruses that can cause warts and are associated with various cancers, particularly cervical cancer.