If an Advance in Technology Shifts the Long-Run Aggregate Supply

question 110

Multiple Choice

If an advance in technology shifts the long-run aggregate supply curve outward, prices _____ and output _____.

• A) decrease; increases
• B) increase; decreases
• C) remain stable; decreases
• D) increase; remains stable

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Definitions:

Control Value

A value or parameter within a system that determines how the system operates or controls its actions.

Stacked Layout

A type of page or view layout where elements are organized on top of one another or in a visually stacked manner.

Form Controls

Interactive components like buttons, text fields, checkboxes, and drop-down lists embedded in forms to capture user input.

Inductive Questioning

A questioning strategy that gathers detailed information to form general principles or conclusions, emphasizing observation and experience.