Assume an Economy Experiences an Increase in Productivity That Occurs

question 35

Multiple Choice

Assume an economy experiences an increase in productivity that occurs as a result of the more efficient use of existing technologies. Given this information, we would expect which of the following to occur?

• A) Aggregate demand would shift to the right.
• B) Both the aggregate demand and aggregate supply curves would shift to the right.
• C) Aggregate demand would not change.
• D) Both the aggregate demand and aggregate supply curves would shift to the left.
• E) Aggregate demand would shift to the left.

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Definitions:

Wide Area Networks

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On-site Data Backup

The process of copying and storing organizational data in a physical location close to the main working environment to ensure data recovery in case of loss.

Cloud Computing

the delivery of computing services over the internet, allowing users to access and store data and run applications on shared computing resources.

Disaster Prevention

Strategies and measures implemented to reduce the risk and impact of natural or human-induced disasters.