An Improvement in Technology Would Shift Which of the Following

question 152

Multiple Choice

An improvement in technology would shift which of the following curve(s) ?

• A) aggregate demand and short-run aggregate supply
• B) only the short-run aggregate supply
• C) only the aggregate demand
• D) short-run and long-run aggregate supply

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Definitions:

Market Rate

The prevailing interest rate available in the market for loans or the return on investment securities.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to update the accounts and ensure they comply with the accrual basis of accounting.

Borrowing Rate

The interest rate that a financial institution charges a borrower for the use of money.

Principal

The original sum of money borrowed in a loan, or the amount of the loan that has yet to be repaid, excluding interest.