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:

U.S. Law

The legal framework that governs the United States, encompassing federal, state, and local laws.

Person

An individual human being, also can refer to a legal entity such as a corporation recognized by law as having rights and duties.

Shareholders' Assumption

A concept or situation where shareholders assume certain rights, risks, or responsibilities related to their investment in a corporation.

Personal Liability

The responsibility of an individual to settle debts or obligations from personal assets, as opposed to business liabilities.