Other Things Equal, an Improvement in Productivity Will

question 72

Multiple Choice

Other things equal, an improvement in productivity will

• A) shift the aggregate demand curve to the left.
• B) shift the aggregate supply curve to the left.
• C) shift the aggregate supply curve to the right.
• D) increase the price level.

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Definitions:

Administration

The process of organizing and managing tasks, operations, or duties within an organization to achieve set objectives effectively.

Sales

The activity or business of selling products or services to customers.

Virtual Teams

Groups of individuals from different locations work together through e-mail, video conferencing, instant messaging, and other electronic media.

Videoconferencing

A technology that allows two or more people at different locations to see and hear each other simultaneously, facilitating remote communication.