An Increase in Labor Productivity Shifts the

question 100

Multiple Choice

An increase in labor productivity shifts the

• A) AD curve rightward.
• B) AD curve leftward.
• C) short-run aggregate supply (SRAS)curve leftward.
• D) SRAS curve rightward.
• E) none of the above

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Definitions:

Medici Family

A powerful and influential Florentine family in the 14th to 17th century known for their support of the arts and sciences as well as their own banking empire.

Sforza Family

A prominent family in Renaissance Italy, known for their rule in Milan and their patronage of the arts and sciences.

Linear Theory

A mathematical approach or theory that deals with the properties and behaviors of linear systems, where output is directly proportional to input.

Realistic Way

An approach or method based on accepting situations as they are and dealing with them in a practical and effective manner.