In Response to an Increase in Technology,we Would Expect

question 47

Multiple Choice

In response to an increase in technology,we would expect

• A)both the short run and long run Phillips curve to shift to the right.
• B)both the short run and long run Phillips curve to shift to the left.
• C)the long run Phillips curve remains unchanged while the short run Phillips curve shifts to the right.
• D)the short run Phillips curve remains unchanged while the long run Phillips curve shifts to the right.
• E)none of the above.

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Definitions:

Environmental Review Process

A systematic assessment conducted to determine the potential environmental impacts of proposed projects, policies, or legislation before they are allowed to proceed.

Federal Legislation

Laws enacted by the federal government or Congress that apply to the entire country and supersede state laws in areas of federal jurisdiction.

Fixtures

Items that are attached to the property in such a way that they become part of the real estate and are legally considered to be a part of the property.

Priority of Creditors

The legal principle determining the order in which creditors are paid in the event of a debtor's bankruptcy or liquidation of assets.