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:

Political strife

Conflict or struggle within a country involving various political factions, often leading to unrest or civil disorder.

Reproductive health

A state of complete physical, mental, and social well-being in all matters relating to the reproductive system at all stages of life.

Gender inequality

The social, economic, and cultural condition in which people of different genders do not have equal rights, opportunities, or responsibilities.