If Technological Change Shifts the Long-Run Aggregate-Supply Curve to the Right

question 106

Multiple Choice

If technological change shifts the long-run aggregate-supply curve to the right, it will also do which of the following?

• A) It shifts both the short-run and long-run Phillips curves to the right.
• B) It shifts both the short-run and long-run Phillips curves to the left.
• C) It will shift the short-run aggregate-supply curve to the right and the long-run Phillips curve to the left.
• D) It will shift the short-run aggregate-supply curve to the right and leave the long-run Phillips curve unaffected.

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Definitions:

Prefrontal Cortex

The region of the brain located at the front of the frontal lobe, crucial for decision making, social behavior, and personality.

Emotional Regulation

The ability to control when and how emotions are expressed.

Planning Ahead

The process of thinking about and organizing the activities required to achieve a desired goal in the future.

Emotional Control

The ability to manage and regulate one's emotions, particularly in challenging or stressful situations, to achieve desired outcomes.